Home loan eligibility criteria

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HOME LOAN ELIGIBILITY CRITERIA AGE People aged between 21 to 65 can apply for home loan.

INCOME Individuals earning more than 25,000 a month can apply for a home loan in india

CREDIT SCORE A credit score above 750 is recommended to get the best deal on a home loan. Below 750 interest rate increases and loan amount decreases.

EMPLOYEMENT STATUS Both salaried and nonsalaried people can apply for a home loan.

WORK EXPERIENCE Individuals must have a minimum of 2 years of experience. And 1-year of experience with my current employer.

RESIDENCE TYPE Nonresidence Indian and permanent residence of India can apply for home loan.

www.bankofmaharashtra.in


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