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HDFC Home Loan Eligibility Calculator

Home Loan Eligibility Calculator HDFC 2021

Last Updated 06th Oct 2021

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
  • HDFC home loan eligibility is dependent on factors like your age, income, property value and repayment capacity.
  • HDFC 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 HDFC by adding earning family members as co-applicants or by applying for a longer tenure loan.
Home Loan Eligibility Calculator

HDFC Home Loan Eligibility

HDFC offers various home loan schemes and offers at affordable rates to eligible customers whether salaried or self-employed. HDFC 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.

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 6.70% offered by HDFC, the loan amount that you will be eligible for would be ₹ 28,36,738 to ₹ 50,36,589 depending on your age. Similarly, if your salary is ₹ 75,000, you might get eligible for a loan amount of ₹ 56,73,475 to ₹ 1,00,73,178 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 years50.37 Lakh75.55 Lakh1.01 Cr
30 years50.37 Lakh75.55 Lakh1.01 Cr
35 years47.26 Lakh70.88 Lakh94.51 Lakh
40 years42.91 Lakh64.37 Lakh85.82 Lakh
45 years36.84 Lakh55.26 Lakh73.68 Lakh
50 years28.37 Lakh42.55 Lakh56.73 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.

SBI Home Loan Co Applicant Eligibility

To apply for a joint home loan from SBI as a co-applicant, you must have a regular source of income with documents as proof of income. However, you must also fulfill other SBI Bank home loan eligibility criteria such as a good CIBIL score and repayment history.

Minimum CIBIL Score for HDFC Home Loan

  • CIBIL Score: 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. 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 an home 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. Minimum FOIR required to be eligible for HDFC home loan is 0.65. Calculate your eligibility with HDFC home loan calculator and apply for an 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 6.75% for women borrowers, although the eligibility criteria is the same for them. 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 HDFC Home Loan Eligibility ?

To check HDFC home loan eligibility perform the following steps:-

  • Go to the HDFC website
  • Now navigate to the option HDFC 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 .

HDFC Home Loan Schemes Eligibility

HDFC Home Improvement Loans

  • Individuals including salaried, self employed, sole or joint owners and companies can apply for the loan.

HDFC Plot Loans

  • If you are a salaried or self-employed individual with strong financial stability, you can apply for this loan.
  • You can also avail of HDFC Plot Loan with co-applicants. The co-applicants can be your family members and do not need to be co-borrowers of the property.

Rural Housing Finance

  • The loan can be availed by salaried, self employed, agriculturists, farmers, planters, horticulturists, or Dairy Farmers.

HDFC Reach Home Loans

  • The loan can be taken by salaried, self employed professionals and non-professionals.
  • An individual can apply for this loan either individually or jointly with the other owners of the house being the co-applicants.

Other Loan Calculators


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 6.70% 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 - Oct 2021
  • 2021-09-21 : HDFC Bank Introduce Festival Bonanza Offer
    HDFC Bank has come up with a festival bonanza offer which is valid till October 31, 2021. The lender has cut home loan interest rate to 6.70%, the special rate is linked to borrowers credit score.
  • 2021-07-12 : HDFC Ltd. retail disbursements allowed a 14% rise in advances for HDFC Bank
    HDFC Bank registered a 14.4% growth in its advances to over ₹11.47 lakh crore as of June 30 this year. Retail deposits grew by around 16.5% year-on-year, and wholesale deposits remained stable as compared to June last year. These retail disbursements included the home loans sourced from parent company HDFC Ltd. During the quarter, the bank purchased loans aggregating ₹5,489 crores through direct assignment under the home loan arrangement with Housing Development Finance Corporation Limited (HDFC Ltd.)
  • 2021-05-04 : HDFC cut its home loan rates to 6.75%
    HDFC reduced its home loan rates to 6.75%. The new home loan rates will be effective from 3 March 2021.
  • 2021-03-08 : HDFC cut its PLR to 16.05%
    HDFC reduced its Prime lending rate to 16.05%. The revised rates are effective from March 2021.
  • 2021-03-05 : HDFC cut its home loan rates to 6.70%
    ICICI Bank cut its home loan rates for March 2021. The new home loan rate starts at 6.70%.
*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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