Mirror Now
@mirrornow·2.2M subscribers·145K videos
FAQ: How to take a loan to buy a property? - Property Hotline
Posted
June 10, 2016
Views
36
June 10, 2016
36
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
See what was published immediately before and after this episode.
3:27Now PlayingBe Un Confused
Expert: Kartik Jhaveri, Founder & Director, Transcend Consulting Pvt Ld
Q: I work as a sales manager. I earn Rs 6 lakh p.a. including all benefits. I want to buy a property worth Rs 32 lakh in Indirapuram. How much should I borrow from the bank?
Answer: Considering your monthly salary, the loan amount would be in the range of Rs. 12 - 15 lakhs, assuming a ROI of 10% p.a., for a tenure of 20 years. Please note there can be other factors which can affect loan eligibility. If the bank considers your benefits component as well, then you may be eligible for a higher loan amount of even Rs. 20 lakhs. Banks generally cap the LTV ratio to about 80% so you can fund the down-payment from you own sources and take a loan for the balance.
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
