What is the general eligibility criteria for Home loan in India?

Main factors that determine eligibility for home loan are

Age of the Applicant18 to 70 years

Eligible SalaryRs. 25,000 per month and above

Work Experience for Salaried3 years and above

Business Stability for Self Employed5 years and above

Minimum CIBIL Score650

Maximum Loan on Property ValueUp to 90%

Maximum EMI as percent of income65%

Eligibility with Co-applicantUp to 3 earning family members may be added to get higher loan eligibility