India Shelter Finance Corporation provides home loans to a wide range of individuals who meet certain eligibility criteria. While these criteria may vary from one financial institution to another, here are some common factors that are typically considered when applying for a home loan with India Shelter:

Factors Determining you’re your home loan eligibility:
Several factors determine your eligibility for a home loan. These factors can vary from one financial institution to another, but common determinants typically include:

• Income: Your income is a fundamental factor. Lenders assess your income to ensure you have the financial capacity to repay the loan. Both your gross and net income are considered.

• Credit Score: Your credit score, often represented by CIBIL or other credit bureaus, is a significant determinant. A higher credit score demonstrates responsible financial behavior and enhances your eligibility.

• Age: Your age is considered because it impacts your earning potential and the duration over which you can repay the loan. Lenders may have specific age limits for eligibility.

• Employment Status: Whether you are salaried, self-employed, or a business owner affects your eligibility. Lenders may have different criteria for each employment status.

• Loan Amount: The amount you wish to borrow influences your eligibility. Lenders consider whether your income can support the requested loan amount.

• Property Details: The property you intend to purchase or use as collateral is also evaluated. Its location, type, and condition can affect your eligibility.

• Loan Tenure: The duration of the loan impacts your eligibility. Longer loan tenures may make it easier to meet EMI requirements, but they can affect the overall cost of the loan.

• Co-Applicants: Including a co-applicant, such as a spouse or family member, can enhance your eligibility by combining their income and financial strength.