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How much loan can we avail to construct house?- Property Hotline
Posted
October 28, 2016
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26
October 28, 2016
26
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3:35Now PlayingExpert: Kartik Jhaveri - Founder & Director-Transcend Consulting India Private Limited.
Question: I am planning to construct a 3-4 storey house in Arunachal Pradesh. The cost of construction is around Rs 70 lakhs. How much amount of loan am I eligible for?
Answer: Banks will consider factors like age, income, past IT returns, nature and tenure of employment, credit score, etc. while calculating your eligibility. Banks generally cap the LTV ratio to about 75-80%.
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