HDFC Home Loans Eligibility

Housing Development Finance Corporation Limited is India's leading housing finance company providing home loans to people from different sectors.

Following are eligible to apply for HDFC Home Loan:

• Salaried Individuals include Salaried Doctors, CAs, employees of select Public and Private limited companies, Government Sector employees including public sector undertakings and central, state and local bodies
• Self Employed Professionals include self - employed Doctors, Chartered Accountants, Engineers, MBA Consultants, Architects, Company Secretaries.
• Self Employed Individuals include self-employed - Sole proprietors, Partners & Directors in the Business of Manufacturing, Trading or Services.
• NRIs include Non Resident Indians.

Eligibility Criteria

For Salaried individuals:

1. Minimum age of Applicant: 21 years.
2. Minimum employment: 3 years of employment.
3. Minimum Net Monthly Income: Rs. 10,000 p.m

For Self-Employed individuals:

1. Minimum age of Applicant: 21 years.
2. Minimum employment: 3 years of employment.
3. Minimum ITR(Income Tax Return): Rs. 1,50,000

For Self-Employed Professionals:

1. Minimum age of Applicant: 21 years.
2. Minimum employment: 2 years of employment.
3. Minimum ITR(Income Tax Return): Rs. 1,50,000

For NRI's

1. Minimum age of Applicant: 21 years.
2. Minimum employment: 3 years of employment.
3. Minimum Net Monthly Income: Rs. 20,000 p.m

Salary available for making EMI payments

• If net salary is upto Rs.25,000/- then 30% of monthly salary is considered for making EMI payments.
• If net salary is between Rs.25,000/- & Rs.50,000/- then 40% of monthly salary is considered for making EMI payments.
• If net salary is above Rs.50,000/- then 50% of monthly salary is considered for making EMI payments.