Plan your own contribution
Keep money ready for down payment, registration, stamp duty, and other costs.
Home finance
Home Loan
Buying, building, or improving a home? Check home loan eligibility, property papers, and costs.
Before you start
Home Loan Eligibility and Document Guide
Income, age, credit history, down payment, and clear property documents affect a home loan decision.
Important before you apply
Key points to consider for Home Loan
Check these points carefully before choosing an option or starting your application.
Check property approval
Verify title, building approval, sale agreement, and project records before payment.
Compare rate and tenure
Check reset terms, EMI, total interest, and prepayment conditions.
22 eligibility points
Eligibility Criteria
See the basic conditions normally checked before you can apply.
Eligibility Criteria - Indian Market Baseline
Applicant
- Resident Indian for standard domestic product; NRI has a separate policy.
- Salaried or self-employed.
- Minimum age can start at 18 or 21 depending on lender.
- HDFC's current public product page shows 18-70 at loan maturity; other lenders may use narrower bands such as 21-65.
- Stable/verifiable income and adequate repayment capacity.
Credit
- Good bureau history.
- 700+ is a useful baseline; 750+ generally strengthens approval/pricing, but not every lender publishes a hard minimum.
- Existing EMIs/FOIR and credit-card obligations affect eligibility.
Employment / business
Salaried
- Stable employment; some lender programs cite around 2 years total experience and a minimum period with current employer.
Self-employed
- Stable business/profession, commonly 2-3 years or more.
Property
- Property/project must be acceptable to lender.
- Clear legal title and approved building/layout.
- Technical valuation must be satisfactory.
- Purchase price, market value, borrower contribution and lender LTV determine maximum funding.
- All property co-owners are commonly required to join as co-applicants.
- Co-applicant income can improve eligibility where lender policy permits.
40 document points
Document Requirements
Check which clear and valid documents you should keep ready.
Document Requirements
Common applicant KYC
- Completed application + photograph
- PAN / Form 60 where applicable
- OVD identity/address proof
- Age proof
- Signature proof where required
Salaried
- Latest 3 salary slips
- Salary-bank statements, commonly 6 months; some products ask up to 12 months
- Form 16 / ITR as required
- Appointment / employment-continuity proof, where required
- Existing loan statements, if asked
Self-employed
- ITR with computation, commonly last 2-3 years
- Audited/CA-certified Balance Sheet and P&L, commonly 2-3 years
- Current-account / savings-account statements, commonly 6-12 months
- GST returns where applicable
- Business registration / professional qualification / business profile
- Existing loan/OD/CC statements where applicable
Core property documents
- Sale agreement / Agreement for Sale / buyer agreement
- Allotment letter, where applicable
- Sale deed / title deed
- Chain of ownership / previous title documents
- Receipts for payments already made to builder/seller
- Approved building/layout plan
- Property tax receipts
- Occupancy Certificate / Completion Certificate where applicable
- NOC from builder/society/authority where applicable
- Encumbrance/title-search documents as required by lender
- Registration / stamp-duty documents at disbursement
- Builder/project approvals for under-construction property
Construction/self-construction conditional documents
- Plot/title papers
- Approved construction plan
- Architect/engineer estimate
- Stage-wise construction proof / certificates as required
Joint application
- KYC/income documents of co-applicant(s)
- Proof of co-ownership where applicable
Simple steps
Plan your home loan in three steps
Follow these three simple steps.
Check your eligibility
Review the income, age, credit, and document points for a home loan.
Compare current options
Check the available lender options, total cost, EMI, and important terms.
Apply and track
Continue in your secure account and follow every application update.
Reference Basis
These public sources were checked for this guide. Rules can change, so open the source for the latest official information.