Home Loan eligibility depends upon various factors. A few of them are listed here –
Income – Your income determines the amount of home loan you are eligible for. Banks generally keep the EMI to income ratio at 0.45 to 0.50.
Tenure – The longer tenure you opt for, the more is your home loan eligibility and the lesser is your EMI.
Age – Your age will determine your home loan tenure and hence your eligibility.
Interest Rate offered – Banks offer Fixed and Floating Rates of Interest. If your interest rates are on a lower side, then the loan eligibility will be higher.
CIBIL Score – Your credit report tells the bank about your repayment capacity and hence determines if you're eligible for a loan.