The facility of home loans offered by various banks and financial institutions in India not only allows people to fulfil their dreams of owning a house one day, but also offers them several tax benefits. The money availed through a home loan can be utilized for different purposes including construction of a new home, purchase of a new/used for home or even a home renovation. All banks and NBFCs have their own eligibility criteria through which they assess the repayment capacity of the borrower. Broadly speaking, the borrower’s repayment capacity depends on multiple different factors including his/her monthly disposable income, current liabilities, owned assets, spouse’s income, any surplus income and stability of income. You can use our home loan eligibility calculator and instantly find out the home loan amount you’re eligible for.