Age Limit for Home Loan

Age is a key criterion that lenders assess when considering a profile. This is because your tenor cannot extend beyond your working years, ensuring steady repayment ability throughout the duration of the loan. Applicants should consider the age limit before applying for a Home Loan.

With Bajaj Housing Finance, the maximum age limit for Home Loan for salaried applicants is 21 to 75 years**. Further, the Home Loan age limit for self-employed applicants is 23 to 70 years**. Here, **the upper age limit is considered as age at the time of loan maturity. Additionally, the upper age limit for applicants is subject to change, depending on the property profile.

Apart from age, lenders also consider a number of other Home Loan eligibility criteria, including income, obligations, and credit score, among others. Age remains a key criterion as your Home Loan tenor is affects the tenor offered to you.

​Early 20s is the time when you have just graduated from your college and have ideally secured a decent job at a company. By the time you start having a stable income over a consistent duration, you must have already entered the mid-20s.

If you apply for a Home Loan around this time, you can have the advantage of a longer repayment tenor for a comfortable repayment. The minimum Home Loan age limit at Bajaj Housing Finance is 21 years for salaried individuals and 23 years for self-employed. With a flexible tenor of 32 years and a maximum housing loan age limit of 75 years for salaried individuals and 70 years for self-employed, you get maximum time to pay off your EMIs slowly and steadily. As you start earning more, you can make partial payments alongside your regular EMI payments to save on your interest outgo and reduce your tenor.

*Terms and conditions apply.