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FAQ: How much loan can an Air India pilot avail? – Property Hotline
Posted
May 20, 2016
Views
1,364
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12
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May 20, 2016
1,364
12
0.88%
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3:29Now PlayingQuestion: My son works as a pilot for Air India and wants to buy a house. His savings are up to `1 cr. How much loan can he avail? He wants to buy a house in Mumbai and his budget is `2 cr.
Answer: Your son can get a maximum of 75% of the cost of the property as home loan. He can get a loan of Rs 1.50 Cr if he buys a property for Rs 2 cr. The quantum of loan has to be decided based on his fund availability and the quantum of EMI he would like to pay.
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