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HDFCHome Loan Eligibility Calculator

HDFC Home Loan Eligibility 2022

Last Updated 03rd May 2022

Eligibility CriteriaHDFC Home Loan
Eligible Age of Borrower24 - 60 years
Minimum Eligible Income ₹ 18,000 and above
Work Experience for Salaried1 years
Business Stability for Self Employed5 years
Home Loan Eligibility Calculator

What is HDFC Home Loan Eligibility?

HDFC offers various home loan schemes and offers at affordable rates to eligible customers whether salaried or self-employed. HDFC home loan eligibility is defined as a set of parameters that determines the creditworthiness of the borrowers based on factors like age, salary, occupation, property type and credit score. You can get details about the eligibility for a HDFC home loan using the HDFC home loan eligibility calculator. It is an online tool that uses mathematical algorithms to check if you are eligible for a home loan or not. In addition, you can know about the amount that you are eligible for.

How is Home Loan Eligibility Calculated by HDFC?

HDFC Housing loan eligibility is primarily dependent on income and repayment capacity. Other factors that may impact the eligibility of home loans are age, financial position, credit history, credit score, other financial obligations etc.

HDFC 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 HDFC home loan age limit to get a HDFC home loan is 24 years at the time of loan commencement and maximum age limit is 60 years. HDFC 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.

HDFC Home Loan Eligibility Based on Salary

  • Net income: Your net monthly income determines how much HDFC 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 an interest rate of 7.00% offered by HDFC, the loan amount that you will be eligible for would be ₹ 27,99,107 to ₹ 48,84,996 depending on your age. Similarly, if your salary is ₹ 75,000, you might get eligible for a loan amount of ₹ 55,98,213 to ₹ 97,69,992 for the same property at the same rate depending on your age at the time of loan application. However, HDFC asks for a net monthly income of ₹ 18,000 to avail a home loan.
Age Net Monthly Income (₹)
25,000 50,000 75,000
25 years48.85 Lakh73.27 Lakh97.70 Lakh
30 years48.85 Lakh73.27 Lakh97.70 Lakh
35 years45.98 Lakh68.97 Lakh91.97 Lakh
40 years41.92 Lakh62.88 Lakh83.84 Lakh
45 years36.16 Lakh54.24 Lakh72.32 Lakh
50 years27.99 Lakh41.99 Lakh55.98 Lakh

You may consider repaying any loans with short tenure and high EMI to increase your HDFC home loan eligibility.

  • Nature of employment: HDFC 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. HDFC requires minimum income history and job stability of more than 1 years for salaried individuals and of 5 years for self-employed individuals.

Home Loan Eligibility HDFC based on Value of Property

  • Value of property: HDFC 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 HDFC's legal team.

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

HDFC Housing Loan Eligibility Calculator based on FOIR

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

HDFC Home Loan Eligibility for Women

In the case of a sole woman applicant, HDFC offers a concessional home loan rate of 7.05% for women borrowers, although the eligibility criteria are the same for them. In the 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.

Minimum CIBIL Score for HDFC Home Loan

HDFC considers credit score as a barometer to gauge your past credit behaviour, and hence, CIBIL score becomes the most important factor in defining your eligibility to get a home loan. A higher credit score increases your chances to get loan approval from HDFC. However, a low CIBIL score reduces your chances to get a home loan. HDFC requires a minimum credit score of 650 to be eligible for a home loan.

How to Enhance HDFC Home Loan Eligibility?

You can enhance the HDFC home loan eligibility using the tips mentioned below:

  • Add an earning family member as a co-applicant.
  • Ensure a steady income flow, regular savings and investments.
  • Provide details of your regular additional income sources.
  • Track your variable salary components.
  • Take actions to rectify errors (if any) in your credit score.
  • Repaying ongoing loans and short term debts.

How to Use HDFC’s Home Loan Eligibility Calculator?

To check HDFC home loan eligibility, visit the official HDFC home loan eligibility calculator at https://www.hdfc.com/home-loan-eligibility-calculator. The calculator checks the eligibility based on the following parameters:

  • Enter gross monthly income. NRI should input net income.
  • Input the desired loan tenure in years. A longer tenure helps in enhancing the eligibility and, similarly, vice-versa.
  • Enter HDFC current housing loan interest rate.
  • Finally, input the EMIs of the other loans you may have.

Also, you can contact the bank by calling on their customer care number 1800 210 0018 .


What is the criteria to get HDFC home loan?

The basic criteria to get a home loan from HDFC are as following:

Age24 - 60 years
Income ₹ 18,000
Income3 years for salaried, 5 years for self-employed
Credit score650 and above

How much home loan can I get on my salary from HDFC?

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 HDFC?

The minimum salary required to avail home loan from HDFC is ₹ 18,000.for salaried borrowers. The income criteria for self employed professionals or businessmen may vary in HDFC.

Is HDFC good for home loan?

The lowest interest rate provided by HDFC is 7.00% 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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HDFC Home Loan News - May 2022
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    Housing Development Finance Corporation has reported a 16% year-on-year rise in its standalone net profit for the March quarter to Rs 3,700 crore on the back of strong growth in loans and net interest income (NII).
  • 2022-04-04 : HDFC Ltd and HDFC Bank Announces Merger
    HDFC Ltd will merge with HDFC Bank, creating an entity with a combined market capitalisation of Rs 13.50 lakh crore. After the merger, HDFC Bank will be 100 per cent owned by public shareholders. The existing shareholders of HDFC Ltd will own 41 per cent of HDFC Bank.
  • 2022-03-23 : HDFC Ltd Registers a Record of Over 2 Lakhs Crore Home Loans
    HDFC Ltd has approved retail home loans for more than Rs 2 lakh crore in the current fiscal year, marking its highest ever in a financial year. Last year, the lender had processed home loans worth Rs 1.55 lakh crore.
  • 2022-01-04 : HDFC Assigns Loans Amounting to ₹27,591 Crore
    Housing Development Finance Corporation Ltd has assigned loans amounting to ₹27,591 Crore in the last year. The loans were ₹7,468 crores as compared to ₹7,076 crores in the corresponding quarter of the previous year.
  • 2021-11-02 : HDFC Bank Net Profit Rises By 32 Percent
    HDFC reported a 32 percent year-on-year (YoY) rise in net profit at Rs 3,780.5 crore. The lenders total revenue from operations rose 4.1 percent on-year to Rs 12, 215.95 crore in the quarter. The assets under management stood at Rs 5.97 lakh crore at the end of the September quarter as against Rs 5.40 lakh crore in the year ago quarter.
*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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