HDFC Home Loan: Has your loan eligibility increased after rate cut? Check calculator now

While leading mortgage lender HDFC has slashed its lending rate by 15 basis, which are effective from today, making home loans cheaper, are you still worried about your eligibility for home loans? HDFC makes it easier for you to know how much loan you can get from the lender.
 
There are a number of factors which would determine your loan eligibility like for instance your monthly income, current age, credit score, fixed monthly financial obligations, credit history, retirement age.

How to use HDFC’s Eligibility Calculator?

HDFC’s Eligibility Calculator facilitates checking eligibility for housing loans online.

-- Gross Income (Monthly) in Rs: Input gross monthly income. NRI should input net income.
-- Loan Tenure (In Years): Input the desired loan term for which you wish to avail the loan. A longer tenure helps in enhancing the eligibility.
-- Interest Rate: Input HDFC’s prevailing housing loan interest rate. Visit website to know rates Click here to know the prevailing interest rates.
-- Other EMIs (Monthly): Input the EMIs of the other loans you may have

Once you get an indication of your eligibility and EMI amount by using the calculator, you can apply for a home loan online.

How to enhance Home Loan eligibility?
You can enhance your loan eligibility by following these simple tips:

-- You can add an earning family member as co-applicant
-- Availing a structured repayment plan
-- Declaring your additional income sources
-- Clearing your existing loans or short term debts

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-- Keeping a tab on your credit score and improving it