Loan eligibility means that you must fulfill certain criteria before you apply for a housing loan.

The common criteria put down by housing finance companies is listed below.

	You must be earning a regular monthly income.
	If you are from the salaried class, then you should have a minimum of 5 years of service left.
	If you are a business person or a professional or a self employed individual, then your age should be less than 58 years at the time of applying for the loan.
	The property you wish to purchase/construct should have a clear and marketable title.