State Bank of India, India's largest lender, offers home loans for any citizen under the age of 70 years. The minimum age to obtain loans from the bank is fixed at 18 years. The main consideration while determining the eligibility of a loan seeker is the ability of the borrower to repay the loaned amount from a sufficient, continuous and regular source of income. Depending upon the repayment capacity of the borrower, the loan amount could be 40 to 60 times of NMI. For a loan upto Rs 20 lakh, the EMI/NMI ratio is 40 percent, which becomes 50 percent when the amount falls between Rs 2 lakh and 5 lakh. The EMI/NMI ratio for loans exceeding Rs 5 lakh is 55 percent. You can show the income of your family members, expected rent accruals, depreciation and regular income from all sources to enhance your loan eligibility. | 
