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How is Home Loan eligibility calculated?
Home loan eligibility is mainly determined by the income and repayment capacity of the borrower(s). There are other factors which influence the eligibility for home loans such as age, credit history, financial position, credit score and other financial obligations et al.

How to use SHFL’s Eligibility Calculator?
SHFL’s Eligibility Calculator helps you check your eligibility for housing loans online.

Gross Income (Monthly) in Rs. : Input gross monthly income. NRI should input net income.
Loan Tenure (In Years): Input the desired loan term for which you wish to avail the loan. A longer tenure will ensure better eligibility.
Interest Rate (% P.A.): Input SHFL’s prevailing housing loan interest rate.
Other EMIs (Monthly): Input other outgoing monthly expenses, EMIs of the other loans you may have.
Once you get your eligibility estimate and EMI amount by using the calculator, you can apply for a home loan online using Online Home Loans by SHFL.
Home Loan eligibility is calculated based on various factors like Current Age of the applicant and Expected incremental working years.
Usually, 30 years is the longest possible loan tenure/ loan term.
Financial Position: The present and the future income of the applicant(s) has a significant impact on determining the loan amount.
Past and Present Credit History and Credit Score: A successful and timely repayment record is considered a positive factor.
Other Financial Obligations: Existing liabilities such as a car loan, credit card debt, etc
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