Mirror Now
@mirrornow·2.2M subscribers·145K videos
Why do people with lower salaries get lower loan amount?- Property hotline
Posted
September 2, 2016
Views
591
Likes
3
Engagement
0.51%
September 2, 2016
591
3
0.51%
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.
3:01Now PlayingExpert: Kartik Jhaveri, Founder & Director at Transcend Consulting India Pvt Ltd.
Question: What is the maximum loan available for a person earning Rs2.5 lakh p.a.? What is the minimum rate of interest that banks offer? Why do people with lower salaries get lower loan amount?
Answer: You would be eligible for a home loan in the range of Rs9-Rs10 lakhs. This is considering a ROI of 9.5% p.a. and tenure of 20 years. The lender will re-assess your eligibility and loan repayment capability, before sanctioning the loan amount. The interests on home loans are in the range of about 9-11% p.a. The loan amount disbursed would be about 75-85% of the agreement value. Loan eligibility depends on factors like age, income, nature and tenure of employment, credit score, etc.
Be Un Confused
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.
