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Q.

What is the maximum home loan I can get?

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0 2023-10-11T08:53:26+00:00

We were having a serious financial crisis after I got laid off so knowing what is the maximum mortgage I can get became important for me. I needed money so I asked a few friends to help me out. After consulting with a few people, I came to learn that a person can get is up to 60% of the registered value of the property. So to know what is the maximum mortgage loan I can get, I had to consider a few things, like the interest rate, my salary, the tenure, and others. Its best to visit the bank and know about it, but let me give you a basic idea.

 What is the Max Mortgage I can Get?

The interest rate on mortgage loans usually ranges from 8.15% to 11.80% p.a. You can get up to 60% of the registered value of the property. In fact, some banks offer mortgage loans up to Rs 10 crore as well. The repayment period can be up to 15 years.

Here is a chart to help you know which banks provide how much interest, loan amount, and for how much time:

Bank

 

Interest Rate

Loan Amount 

Period 

HDFC Bank

8.75% Onwards

Up to 60% of the mortgaged property’s market value

Up to 15 years

Axis Bank

10.50% Onwards

Up to Rs. 5 crore

Up to 20 years

State Bank of India (SBI)

1.60% above 1-year MCLR rate to 2.50% above 1-year MCLR rate

Up to Rs. 7.5 crore

Up to 15 years

PNB Housing Finance

9.80% Onwards

Up to 60% of the property’s market value

Up to 15 years

Citibank

8.15% Onwards

Up to Rs. 5 crore

Up to 15 years

So visit your bank and learn more details about mortgage loan from them.

Avail home loan through NoBroker and get maximum funding

Read More:

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0 2023-04-28T21:25:12+00:00

Hey pal,

The answer to ‘what is the maximum home loan I can get?’ is not simple. Banks and Housing Finance Companies (HFCs) offer a maximum loan amount based on your income, the property you wish to buy and your existing obligations.

Looking for home loans? Check out NoBroker to apply for home loans starting at 7.3% 

The criteria for personal loan, home loan, car loan can be different from each other. Most banks check the credibility of the applicants before approving any type of loan application, especially home loan. Generally, thome loan is given to applicant who fall in the following categories:

Age : 18 - 70 years

Credit Score :  Above 750

Income : Rs.25,000+

Employment Status : Salaried or Non-Salaried

What is the max home loan I can get?

You can easily check max home loan amount by using the NoBroker home loan and EMI calculator. Many banks and websites have their own c;ayators. You will need to input the loan amount,m processing fee, tenure etc. 

What is maximum home loan I can get?

Take a look at the table to know what is the maximum home loan you can get from Indian banks. 

Banks

Requirements

HDFC Home Loan Eligibility

Age: 18 to 70 years

Max loan Tenure: Up to 30 years

Loan Amount: Up to Rs.10 crore

SBI Home Loan Eligibility

Age: 18 to 70 years

Max loan Tenure: Up to 30 years

Loan Amount: Decided by the lender

Axis Bank Home Loan Eligibility

Age: 21 to 60 years

Max loan Tenure: Up to 30 years

Loan Amount: Up to Rs.3 crore

LIC HFL Home Loan Eligibility

Age: 21 to 60 years

Max loan Tenure: Up to 30 years

Loan Amount: Rs.1 lakh onwards

BoB Home Loan Eligibility

Age: 21 to 70 years

Max loan Tenure: Up to 30 years

Loan Amount: Up to Rs.10 crore

PNB Home Loan Eligibility

Age: 18 to 70 years

Max loan Tenure: Up to 30 years

Loan Amount: Up to 90% of the market value

DHFL Home Loan Eligibility

Age: 18 to 70 years

Max loan Tenure: Up to 30 years

Loan Amount: Up to 90% of the market value

Canara Bank Home Loan Eligibility

Age: 21 to 55 years

Max loan Tenure: Up to 30 years

Loan Amount: Up to Rs.10 crore

IDBI Bank Home Loan Eligibility

Age: 22 to 70 years

Max loan Tenure: Up to 30 years

Loan Amount: Up to Rs.10 crore

Indiabulls Home Loan Eligibility

Age: 21 to 65 years

Max loan Tenure: Up to 30 years

Loan Amount: Up to Rs.15 crore

This is all from my end on what is the maximum home loan I can get.

Use the NoBroker EMI calculator to determine EMI for a home loan

Read more:

Last 10 years interest rates in India on home loans

What is part period interest in SBI home loan?

What is lender name in home loan?

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