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Dhan Laxmi Home Loan Eligibility Calculator

Dhan Laxmi Bank Home Loan Eligibility in India 2021

Last Updated 03rd Jun 2021

Eligibility CriteriaDhan Laxmi Bank Home Loan
Eligible Age of Borrower21 - 60 years
Work Experience for Salaried1 years
Business Stability for Self Employed3 years
  • Dhan Laxmi Bank home loan eligibility is dependent on factors like your age, income, property value and repayment capacity.
  • Dhan Laxmi calculates the amount of home loan you are eligible for using a formula that includes your net take home salary, the EMIs you have to pay and the value of property.
  • You can increase your eligibility to get a housing loan from Dhan Laxmi Bank by adding earning family members as co-applicants or by applying for a longer tenure loan.
Home Loan Eligibility Calculator

Dhan Laxmi Home Loan Eligibility

Dhan Laxmi offers various home loan schemes and offers at affordable rates to eligible customers whether salaried or self-employed. Dhan Laxmi housing loan eligibility is based on factors like age, salary, occupation, property type and credit score. Detailed information on these factors is mentioned in the further sections.

Dhan Laxmi Home Loan Eligibility based on Age

  • Age: Your age plays an important role in determining your eligibility and repayment capacity for home loan. Lower your age, higher will be the time period available to repay the loan, and hence higher home loan amount eligibility. The minimum age limit to get Dhan Laxmi Bank home loan is 21 years at the time of loan commencement and maximum age limit is 60 years. Dhan Laxmi Bank offers home loans for a maximum period of 30 Years subject to the condition that the borrower’s age at the end of the tenure must not exceed 60 of tenure.

Dhan Laxmi Home Loan Eligibility based on Salary

  • Net income: Your net monthly income determines how much Dhan Laxmi Bank home loan EMI you are capable of paying after meeting all the living expenses based on your standard of living. For instance, if your salary is ₹ 25,000 then at interest rate of 6.75% offered by Dhan Laxmi Bank, the loan amount that you will be eligible for would be ₹ 27,50,031 to ₹ 40,65,093 depending on your age. Similarly, if your salary is ₹ 75,000, you might get eligible for a loan amount of ₹ 55,00,061 to ₹ 81,30,187 for the same property at the same rate depending on your age at the time of loan application. However, Dhan Laxmi Bank asks for a net monthly income of ₹ 0 to avail a home loan.
Age Net Monthly Income (₹)
25,000 50,000 75,000
25 years40.65 Lakh60.98 Lakh81.30 Lakh
30 years40.65 Lakh60.98 Lakh81.30 Lakh
35 years40.65 Lakh60.98 Lakh81.30 Lakh
40 years40.65 Lakh60.98 Lakh81.30 Lakh
45 years35.27 Lakh52.91 Lakh70.55 Lakh
50 years27.50 Lakh41.25 Lakh55 Lakh

You may consider repaying any loans with short tenure and high EMI in order to increase your Dhan Laxmi Bank home loan eligibility.

  • Nature of employment: Dhan Laxmi Bank will check whether you are salaried or self-employed and the company and sector in which you are working. It also looks at your years of experience to check for job and income stability. Dhan Laxmi Bank requires minimum income history and job stability of more than 1 years for salaried individuals and of 3 years for self-employed individuals.

Home Loan Eligibility Dhan Laxmi Bank based on Value of Property

  • Value of property: Dhan Laxmi Bank does not finance the entire property value. The maximum home loan eligibility would depend upon the value of the property as shown below:
Property Value LTV
Less than 30 Lakh90%
Between 30 Lakh and 75 Lakh80%
Above 75 Lakh75%
  • Property documents: Your property’s legal documents should be satisfactory and be cleared by the Dhan Laxmi Bank's legal team.

The housing loan eligibility calculator of Dhan Laxmi Bank can be a useful tool to assess your eligibility for the loan.

Minimum CIBIL Score for Dhan Laxmi Home Loan

  • CIBIL Score: Dhan Laxmi considers credit score as a barometer to gauge your past credit behaviour and hence, CIBIL score becomes the most important factor to define your eligibility to get a home loan. Higher credit score increases your chances to get loan approval from Dhan Laxmi However, low CIBIL score reduces your chances to get a home loan. Dhan Laxmi requires a minimum credit score of 650 to be eligible for a home loan.

Dhan Laxmi Housing Loan Eligibility Calculator based on FOIR

FOIR (Fixed Obligation to Income Ratio) is an important parameter used by Dhan Laxmi to determine your home loan eligibility. Dhan Laxmi Bank considers all your fixed obligations like current EMIs into account while estimating your eligibility. Minimum FOIR required to be eligible for Dhan Laxmi Bank home loan is 0.65. Calculate your eligibility with Dhan Laxmi Bank home loan calculator and apply for eligible loan amount hassle free.

Dhan Laxmi Bank Home Loan for Women Eligibility

Dhan Laxmi Bank offers the same rates to women borrowers starting at 6.75% with similar eligibility criteria for home loan. In case of a joint home loan, the woman borrower also needs to be the co-owner of the property and should have a good credit history to get the joint home loan application passed for concessional rates.

How can I Check my Dhan Laxmi Home Loan Eligibility ?

To check Dhan Laxmi Bank home loan eligibility perform the following steps:-

  • Go to the Dhan Laxmi Bank website
  • Now navigate to the option Dhan Laxmi Bank home loan
  • To check eligibility criteria use a home loan eligibility calculator.
  • Fill the required details like loan amount required, salary, age etc.

Also you can contact the bank by calling on their customer care number .

Other Loan Calculators


What is the criteria to get Dhan Laxmi Bank home loan?

The basic criteria to get a home loan from Dhan Laxmi Bank are as following:

Age21 - 60 years
Income ₹ 0
Income3 years for salaried, 5 years for self-employed
Credit score650 and above

How much home loan can I get on my salary from Dhan Laxmi Bank?

The amount for which you are eligible is calculated based on the FOIR and LTV. The higher your income, and the least is your fixed obligations (mostly ongoing EMIs), the higher will be your eligibility for a home loan.

What is the minimum salary to get home loan from Dhan Laxmi Bank?

The minimum salary required to avail home loan from Dhan Laxmi Bank is ₹ 0.for salaried borrowers. The income criteria for self employed professionals or businessmen may vary in Dhan Laxmi Bank.

Is Dhan Laxmi Bank good for home loan?

The lowest interest rate provided by Dhan Laxmi Bank is 7.40% which is a best rate in the market. There are no prepayment charges on floating rate based home loan. Hence, you can consider this as a good option for housing loan.

Does adding a co-applicant increase housing loan eligibility?

Yes, adding a co-applicant with an independent income source increases housing loan eligibility significantly. By doing so you will be able to get a higher loan amount and also both of you can save on taxes under Income Tax Act.

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Dhan Laxmi Home Loan News - Jun 2021
  • 2021-06-01 : Dhanlaxmi Bank posts ₹5.28 crore net profit in Q4
    Dhanlaxmi Bank reported a net profit of Rs 5.28 crore in the fourth quarter of FY2020-21, boosted by retail loans home, LAP, personal, two-wheeler, car education and doctor loan along with business and mudra loan. The bank had posted a net profit of Rs 2.60 crore in the year-ago same quarter.
  • 2020-08-03 : Dhanlaxmi Bank Ltd Q1FY21 net profit at Rs. 6.09 crore
    Dhan Laxmi posted a net profit of Rs.6.09 crores for the period ended June 30, 2020, as against a net profit of Rs.2.60 crores for the period ended March 31, 2020. In addition to this, The bank reported a total income bolstered by retail loans home, personal, car, two-wheeler and gold loans along with business and mudra loans of Rs.278.62 crores during the period ended June 30, 2020. Bank provisioning for bad loans and contingencies spiked to Rs 37.02 crore during the reported quarter of FY21 as against Rs 9.27 crore a year ago.
  • 2020-01-08 : Dhanlaxmi Bank revised interest rates on retail loans
    Dhanlaxmi Bank revised its home loan interest rate by 25 bps, which begins from 9.55%. It also changed the interest rate on personal loans, which lies between 12.90% to 16.10%. The rates are revised to lure home loan and personal loan buyers.
  • 2019-06-04 : Dhanlaxmi Bank revises MCLR rates across loan tenure
    Dhanlaxmi Bank has revised its Marginal Cost of Funds Based Lending Rate (MCLR) across all tenure for June. The move is supposed to make retail loans like housing loans and mortgage loans cheaper. Now for overnight and one month, the rate stands at 8.60%. For 3 months, the rate has been revised to 8.90%. While for 1 year the rate now stands at 9.90%. The revised rates are effective from June 1, 2019.
  • 2019-05-09 : Dhanlaxmi Bank reports a profit of Rs. 27.6 crores in Q4 of FY19
    Private sector lender, Dhanlaxmi Bank has reported strong growth of Rs. 27.6 crores in its net profit for the Q4 of FY19. The profit is boosted by strong growth across its retail loans segment including home loans and mortgage loans and SME loans.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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