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Home Loan Eligibility Calculator
Online Eligibility Calculator for Home Loan
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Home Loan Eligibility Calculator

Home Loan Eligibility Overview

Many people today heavily depend on home loans to help finance the purchase of their dream house. However, prior to making your application to Fullerton Grihashakti, it is best to run a quick check on your home loan eligibility and if you are able to fulfil all the required criteria.

Calculate Eligibility for Housing Loan

You can now use the Fullerton Grihashakti’s online home loan eligibility calculator to know the maximum loan amount you may be able to get based on your monthly income, nature and value of the property and existing monthly obligations.


Your Results

Maximum home loan amount You can get

EMI on Loan


Disclaimer:Please note that these values are an estimate for demonstrative purposes only. Actual eligibility will depend on a number of factors, including Fullerton Grihashakti's policy at the time of loan application. Please contact us or apply now to know more.

  • Enter the value of the property you wish to purchase
  • Select whether the property is commercial or residential
  • Enter your monthly income
  • Enter your net monthly obligations. This is the sum of all EMIs you are currently paying. If you don’t have any ongoing EMIs, please enter zero.
  • Select interest rate and tenure

You will be able to see the maximum home loan amount you may be eligible for on the right side along with the monthly EMI. You can vary the interest rate and tenure to understand how these factors may impact your loan amount eligibility.

Please note that actual eligibility will be determined on the basis of several other criteria including CIBIL score, creditworthiness, repayment capacity, nature and value of property, nature of employment, etc. and Fullerton Grihashakti’s policy at the time of home loan application.

Home Loan Eligibility Criteria

Fullerton Grihashakti requires individuals applying for home loans to meet the following basic eligibility parameters:

For Salaried:

  • Multinational cos / listed public ltd cos / govt.
  • Organizations private ltd cos / closely held or unlisted companies / partnerships /proprietorship firms

For Self-Employed:

  • Self-employed individual businessmen/ sole proprietorship
  • Self-employed professionals - doctors /architect's / CA’s
  • Partnership firms
  • Private limited companies/ closely held/ unlisted companies

*Please note that other parameters such as your age, CIBIL score, repayment capacity, nature of employment, and several other factors will also be taken into consideration to determine your eligibility.

Home Loan Eligibility Documents

Eligibility for a House Loan will be verified through specific documentation to process the application towards gaining approval.

Here is a basic document list for your easy reference.

  • Proof of Identity – PAN Card, Voter’s Card, Driving Licence, Employee Card
  • Proof of Residence – Aadhaar Card, Latest Electricity Bill/Piped Gas Bill, Ration Card, Property Tax/Water Bill
  • Co-applicant Guarantor – KYC documents
  • Proof of Income for Salaried Individuals – 6 Months Bank Statements with Salary Credit, Last 3 months Pay Slips, Form 16 for 2 years
  • Proof of Income for Self-Employed Individuals – 6 Months Bank Statements for Primary Account, IT Returns for the last 2 years, CA Audited Financials (if applicable)
  • Documents pertaining to the property you wish to purchase will also be requested

Factors That Impact Your Housing Loan Eligibility

Besides using the housing loan eligibility calculator to ascertain your maximum loan amount, and the basic eligibility criteria, there are a host of secondary factors that can affect your home loan eligibility. These include:

a. The Applicant’s Age: Generally, applicants must be above the age of 21 for home loan products . As a result of their extended working life, younger applicants have a higher income potential which works in their favour when applying for a home loan. Also, the applicant cannot exceed 65 years of age at the time of loan maturity. Thus, a 50 year old applicant may be only able to get a home loan if he selects a tenure of 15 years.

b. Type of Employment: Salaried individuals with a stable job at a reputed organisation may be given a better preference.

c. Income: The inflow of income on a monthly basis determines the amount for your instalments that the individual will be able to afford towards the home loan.

d. Credit Report & Score: The applicant’s past credit behaviour is reflected in the Credit Score and Report generated by CIBIL. A score of 700 and above indicates that the applicant may be a good candidate for a home loan.

e. Existing Financial Commitments: In addition to income, we also take into account existing EMIs to ensure that the home loan instalment does not add further financial stress.

f. LTV: The LTV or the Loan to Value ratio is the maximum loan amount that we can approve towards the mortgaged property. This is calculated taking into account the current market value of the property.

g. Property valuation: Fullerton Grihashakti will also determine the value of the property in terms of age of the property, construction quality, location, market value, etc. to determine the loan eligibility.

Frequently Asked Questions

How to Check Home Loan Eligibility with Fullerton Grihashakti?

You can easily use the home loan eligibility calculator available on the Fullerton Grihashakti website to get a fair assessment if you qualify for a home loan. Just enter the details required such as nature and value of the property, monthly income, net monthly obligations, interest rate. You can also scroll up to understand the detailed steps and use the calculator.

How do I apply for a home loan?

Now apply for your home loan from anywhere, anytime simply by clicking on the “Apply now” button on this page. Fill up the application form, enter the required information, check on your home loan eligibility, attach your documents and submit. Our representative will get in touch with you to discuss next steps.

What is the maximum home loan that I can obtain?

Typically, Fullerton Grihashakti approves up to 90% of the value of the mortgaged property as the maximum home loan amount. However, other factors such as your pre-tax income and existing debt repayments also play a key role in determining the final home loan amount that is sanctioned. To get a rough estimate of the maximum home loan amount you can obtain, please scroll up and use the free home loan eligibility calculator provided on this page.

What are the types of rate of home loan interest offered by Fullerton Grihashakti?

Fullerton Grihashakti offers attractive home loan interest rates best suited as per the applicant's eligibility & profile.

How do I repay a home loan?

Fullerton Grihashakti offers easy monthly instalments on home loans that are sanctioned. You can use any of the following options to repay your EMI:

  • Through ECS / auto debit - you may sign up for this facility so that your EMI can be directly debited from your registered bank account on a specific date each month.
  • Pay Online - You can click on the “Pay Online” button on the top of this page and pay your EMI online through netbanking, debit cards, wallets, UPI and more.
  • Through Post Dated Cheques - You can submit post dated cheques at your nearest Fullerton Grihashakti branch.

Fullerton India Home Finance Company Ltd
CIN number: U65922TN2010PLC076972

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Based on the values you have entered you may not be eligible for a loan. Please try again with different values


You may not be eligible for a home loan. Please select different values or contact your nearest branch