Answer: You can get a home loan for new as well as resale property based on various factors, such as your income, age, and the title of the property. So, the age and condition of the property being purchased has a bearing on loan eligibility. Typically, banks are reluctant to lend money for old properties. In your case, as the property is only 15 years old and presumably must be in a good condition, you are unlikely to have any problem in getting the home loan from any bank. Banks normally lend between 75 per cent and 90 per cent of the value of the property as loan.