Home Loan Eligibility Criteria

Home Loan Eligibility Criteria


For Residents:

Resident Salaried

Retirement Age

Resident Self Employed

Up to 65 years


(OR)


Up to 80 years subject to at least one co-obligant who will be successor to the business joins the loan.

  • The age of such co-obligant shall not exceed 65 years or in case of salaried customers -60 years or retirement age whichever is earlier.
  • At least 50% of repayment is from income of the co-obligants

For NRIs:

  • NRI individuals including salaried people, self-employed and business persons are eligible for Housing Loan.
  • Persons of Indian Origin (PIO) are also eligible for Housing Loan subject to following conditions:
  1. The loan is covered by primary / collateral security of immovable property in India in the name of PIO.
  2. The PIO should hold a valid PIO Card accompanied by a valid foreign passport.
  3. A close relative (as defined in Companies Act) residing in India should join as co-obligant to the loan.
  • Age of the borrower should not exceed 55 years at the end of loan tenure.
  • Monthly income should be not less than Rs. 50000/-.
  • To avail the loan, you can apply online in simple steps. After submitting the application, bank will process your application and will be informing further details. You can track the progress of application too.
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