Home Loan: Eligibility & Documents
Fulfilling your desire of owning a dream home is easy with Poonawalla Fincorp. Our lenient home loan eligibility terms and minimal need for documents makes accessing funds simpler than ever. We have optimised the experience to suit a variety of borrowers and have taken special care to ease access to housing finance.

Home Loan Eligibility Criteria

Salaried Individuals | Self-Employed Individuals | Firm / Company | |
Eligible Borrowers | Government / Semi government / PSU / Private/MNC companies/ Proprietorship/Partnership firms |
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Partnership or Private Limited companies engaged in Manufacturing, Servicing or Trading |
Age | Applicant must be a minimum of 21 years of age at the time of loan application and should be a maximum of 65 years or the retirement age, whichever is earlier, at loan maturity. | Applicant must be a minimum of 21 years of age at the time of loan application and should be a maximum of 65 years at loan maturity. | Proprietor / Key Partner / Key Director should be a minimum of 25 years at the time of loan application and should be maximum of 65 years at loan maturity. |
Income | Net monthly salary should be Rs.20,000 | Gross annual income should be of minimum Rs.3 lakh | Annual turnover should be a minimum of Rs.10 lakh |
Experience / Vintage | Minimum 1 year of work experience | Minimum 2 years in current business / profession | Business stability / vintage of minimum 3 years in the same business |
Citizenship | Individuals with Indian citizenship | Individuals with Indian citizenship | Proprietor / Partners / Directors with Indian citizenship |

Documents Required For A Home Loan

Salaried Individuals | Self-Employed Individuals | Firm / Company | |
Identity Documents |
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Address Proof |
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Income Documents |
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Bank Account Statement | Latest 6 month’s bank statement evidencing salary credits. | Operative bank account statement for the latest 6 months. | Operative bank account statement for the latest 6 months. |
Property Documents | If already finalised along with legal & technical clearance of the property. |
*The above-mentioned list of documents for a home loan is indicative. Additional documents may be required during loan processing.
Frequently Asked Questions
Who is eligible for the Poonawalla Fincorp Home Loan?
Our home loan is available to 3 types of customers, which include salaried individuals, self-employed persons, and firms/companies. Do note that each type of borrower has to meet
a specific set of home loan eligibility criteria to receive approval.
Where can I check the home loan eligibility criteria?
The detailed home loan eligibility criteria for all borrowers are clearly listed on our dedicated webpage. You can find it by visiting the official Poonawalla Fincorp Home Loan website and clicking on ‘Eligibility & Documents’.
Can I avail a home loan as a senior citizen?
Yes. We do offer home loans to borrowers over the age of 60 years.
How much annual income is required to get a Poonawalla Fincorp Home Loan?
Each borrower type has a specific income requirement, which is as follows:
- Salaried persons: Minimum annual income of Rs.2.4 lakh
- Self-employed persons: Minimum annual income of Rs.3 lakh
- Firms/Companies: Minimum annual turnover of Rs.10 lakh
What are the income-specific home loan documents required for a salaried borrower?
Salaried individuals need to submit a copy of Form 16 and their salary slips for the past 3 months. Do note that other income-related documents may be required during loan processing.