Poonawalla Housing Finance Housing Loan
Home Loan Eligibility

Festive offers on Home Loan

Attractive interest rates just
starting @ 9.50%* p.a.

Flexible Repayment Tenure

Flexible Repayment
Tenure

PMAY Subsidy

PMAY Subsidy
Up to ₹2.67 lakh*

Our Home Loan Eligibility Criteria is simple with minimal documents

We understand what it feels like to take the first step towards buying your own dream home. To make your dream more accessible, we provide home loans with simple eligibility criteria, minimum documentation, and a hassle-free application process.

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Home Loan Eligibility Criteria

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Salaried Individuals Self-Employed Individuals Firm / Company
Eligible Borrowers Government / Semi government / PSU / Private and MNC companies / Proprietorship or Partnership firms
  • Proprietor / Partners / Directors
  • Or Self-Employed Professionals like Chartered Accountant, Company Secretary & Doctors
Partnership or Private Limited companies engaged in Manufacturing, Servicing or Trading
Age The minimum age of applicant at the time of loan application should be a 21 years and maximum of 65 years or the retirement age, whichever is lower. The minimum age of applicant at the time of loan application should be a 21 years and maximum of 65 years or the retirement age, whichever is lower. The minimum age of Proprietor / Key Partner / Key Director at the time of loan application should be a 25 years and maximum of 65 years or the retirement age, whichever is lower.
Income Net monthly take-home salary should be minimum ₹ 20,000 Gross annual income should be minimum ₹ 3 Lakh Annual turnover should be minimum ₹ 10 Lakhs
Experience / Vintage Minimum One year Minimum Two years in current Business or Profession Business stability / Vintage of minimum 3 years
Citizenship Individuals with Indian Citizenship Individuals with Indian Citizenship Proprietor / Partners / Directors with Indian Citizenship
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Documents Required for Home Loan

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Salaried Individuals Self-Employed Individuals Firm / Company
Identity Documents
  • PAN Card
  • Aadhaar Card
  • Passport (Not Expired)
  • Driving License with Photo
  • Voters Identity card issued by the Election Commission of India
  • Job Card issued by NREGA duly signed by an officer of the State Government
  • PAN Card
  • Aadhaar Card
  • Passport (Not Expired)
  • Driving License with Photo
  • Voters Identity card issued by the Election Commission of India
  • Job Card issued by NREGA duly signed by an officer of the State Government
  • Firm / Company PAN Card, GST Registration Certificate (If applicable) and Other Applicable Registration documents
  • KYC of Partners / Directors (PAN Card and Aadhaar Card)
Address Proof
  • Aadhaar Card
  • Passport (Not Expired)
  • Driving License with Photo
  • Voters Identity card issued by the Election Commission of India
  • Job Card issued by NREGA duly signed by an officer of the State Government
  • Letter issued by the National Population Register containing details of name and address
  • Aadhaar Card
  • Passport (Not Expired)
  • Driving License with Photo
  • Voters Identity card issued by the Election Commission of India
  • Job Card issued by NREGA duly signed by an officer of the State Government
  • Letter issued by the National Population Register containing details of name and address
  • Electricity bill for owned premises
  • Rent agreement for rented premises
  • Passport for Partner / Directors
Income Documents
  • Latest 3 months’ salary slip
  • Form 16
  • Income Tax Returns along with computation for last 2 years
  • Profit/Loss statement and balance sheet for last 2 years
  • Income Tax Returns along with computation for last 2 years
  • Profit/Loss statement and balance sheet for last 2 years
  • GST Returns
Bank Account Statement Latest 6 months’ bank statement evidencing salary credits Operative bank account statement for last 6 months Operative bank account statement for last 6 months
Property Documents Property documents along with legal & technical clearance of the property

*The above list is indicative and additional documents may be required during processing of your application.

How to Apply for Home Loan In 5 Easy Steps?

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Apply
Online

Apply Online

On the application form, fill in your basic details

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Submit
Documents

Submit Documents

Submit your KYC, Income documents, and Bank account statements

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Verification

Verification

We’ll do a quick verification and assessment of your documents

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Quick
Approval

Quick Approval

We follow a quick process to approve loan applications

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Easy
Disbursal

Easy Disbursal

That’s it! Your Home Loan will be instantly disbursed

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