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How much loan can I avail post demonetisation?- Property Hotline
Posted
December 9, 2016
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27
December 9, 2016
27
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7:47Now PlayingExpert: Ramganesh Iyer, Co- founder of FISDOM.
Question: I am planning to buy a house that costs around 33 lakh rupees. I have an annual salary of 6 lakh rupees. How much amount of loan am I eligible for? Is demonetisation going to affect the loan interest rates?
Answer: The criteria to avail loan is first you will have to provide down payment of 20%-25%. Banks provide loan upto 60 times of monthly salary. If you take-home salary is Rs 40 – Rs 45 thousand then your loan eligibility will be Rs 25 lakh.
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