Home Loan Eligibility | Aesthetic Constructions

Primarily the Home Loan Eligibility is determined by the repayment ability of the applicant. By and large the housing finance institutions offer you a home loan amount in a way that the payable EMI is close to 50% of your gross monthly income.

Listed below are the Eligibility Criteria for Applicant and Documents Required. Broadly all the housing finance institutions follow the below listed guideline.

Eligibility Criteria For Applicant and Documents Required	Salaried Employed	Self Employed / Business Men
Age Limit	21 years to 60 years	21 years to 70 years
Income	INR 1,20,000 (p.a)	INR 2,00,000 (p.a)
Loan Amount Offered	INR 5,00,000 to 1,00,00000	INR 5,00,000 to 2,00,00000
Loan Tenure	5 years to 20 years	5 years to 20 years
Work Experience	2 years	3 years
Documents Required	1)Application form with photograph 2) Identity & residence proof 3) Last 3 months salary slip 4) Form 16 5) Last 6 months bank salaried credit statements 6) Processing fee cheque	1) Application form with photograph 2) Identity & residence proof 3) Education qualifications certificate & proof of business existence 4) Business profile 5) Last 3 years profit/loss & balance sheet 6) Last 6 months bank statements 7) Processing fee cheque.