If i want full home loan that is as per the rule (85% of property value) but a like one flat it has cost..?
11.65 lacs but the flat is 35 yrs old the condition is ok actually it is an coperative socity now what you think is it any chance that bank will give me loan ..?
if yes than how much ,.? actualy i want full 85% of the value
for your kind information the documents we have all whatever bank want but the palce is 35 yrs old .
plz tell me because it is in mumbai (malad)
Answer:
I don't think they'll give a loan covering the full cost for a 35 year old flat. The bank's engineer will make an estimate. If it's more than twenty years, you'll get only a small percentage. One way is to increase the value of the deal, but that'll increase your registration charges.
dear friend,
as a strict policy matter, banks do not provide loans for a house resale, i.e., u will not be provided with a loan to buy an old second hand house. loans are only given to first buyers. so please look for a new house.
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