Introduction
Applying for a home loan is one of the biggest financial steps in life. But before a bank approves your application, it checks several important factors. Understanding these eligibility criteria helps you prepare better and increases your chances of loan approval.

Here’s a clear breakdown of the main things banks look for in home loan applicants.

1. Credit Score

A credit score of 750+ is ideal for getting approval at lower interest rates. If your score is lower, work on paying off debts and avoiding defaults before applying.

2. Income & Repayment Capacity

Banks evaluate your income to ensure you can pay EMIs comfortably. Usually, your EMI should not exceed 40–45% of your monthly income.

3. Employment Stability

A stable job with at least 2–3 years of continuous employment boosts your eligibility. Self-employed applicants need to show consistent business income.

4. Age of Applicant

Younger applicants can get longer loan tenures, while older applicants may be offered shorter tenures to ensure repayment before retirement.

5. Existing Liabilities

If you already have multiple loans or credit card dues, banks may reduce your loan eligibility. Clearing old debts improves your chances.

6. Property Value & Documents

Banks also evaluate the property’s legal documents and market value. Properties with clear titles and approvals are easier to finance.

Tips to Improve Your Home Loan Eligibility

• Check and improve your credit score before applying.

• Reduce existing debts to free up repayment capacity.

• Opt for a joint loan with a co-applicant (like spouse/parent) to increase eligibility.

• Provide accurate documents and maintain financial transparency.

Conclusion
Knowing what banks look at helps you prepare in advance and avoid surprises during the loan process. At Mera Loan Doctor, we work with major banks as a DSA channel partner to guide you through eligibility checks and secure the best possible loan for your needs.