Can I include rental income as a part of my home loan eligibility calculation?

Yes, you can include rental income as well as income from other sources when determining your home loan eligibility.

If your monthly salary is ₹50,000 and your rental income is ₹15,000, you can input the total monthly income of ₹65,000 in the home loan eligibility calculation. This will help arrive at a more accurate eligibility amount.

Any regular income that you can provide adequate documentation for like rent receipts, etc., can be included in the calculator. Other additional incomes from freelancing, dividends, pensions etc can also be added.

The aggregate of your primary occupation income and income from other sources will be used to assess your repayment capacity. Based on this, the eligibility calculator will determine the maximum home loan amount you can avail.