can we close house loan withing 2-3 month; as my brother is buying a land on circle rate which is lower than market rate and then I want to by same plot from my brother in market rate in order to pay complete money of land owner.
iam jitu i want to buy a home but my monthly income is 10 thousand can i wht 10 lacs rupees but to buy a flat i can pay only 3500/-per months not above that. Can you help me and which bank can give loan & with less interest pls help me out . thk u jitu kotwani
Re: dear sir
by Guest on Sep 11, 2009 01:19 PM
The Home loan EMI should not be more than 40% of your take home, in your case it is 4000/- month.
Considering the present market synergies it would be difficult for you to get a loan.
So presently what you can do is live on rent, if you are not married share a room with your buddies and save minimum 5000 per month and put that money into a good mutual fund (You may try your luck with HDFC Top 200 or Magnum Contra ) and grow it for min 5 years. Hopefully in the mean time your salary also would increase. Then you plan to buy an apartment in the upcoming areas of the city you live in.
Hi myself prakash Poddar and i would like to inform you that i need a loan upto 5 lakh and presently i am working in a india infoline group and my designation is unit manager and my montly saried is 18000.00 per month and the question is arise whether should i get loan or not please tell me as soon as possible and if i get then what are the emi in a month
I Buying a property in Thane which is valued 39lacs inclusive of Flat cost Parking Stamp duty & Registration charges Other Charges (these are not included in agreement value). IDBI home finance is offering me 85% loan on the total values with a rate of interest 8.75%. As told by IDBI home finance, it is the only bank which offers 85% loan on the total value whereas other banks will not offer on the 85% of the total value they will deduct the other charges of the builder. Also I am getting an option of SBI to apply for the same but again I have to bear the processing & other charges. Kindly suggest that which bank will be better to go for and why other banks are not including the other charges of the builder. Also can you provider any insights on the difference between monthly reducing and daily reducing basis home loan?
Dear Sir, My father, retired from central govt service, took Home Loan from HDFC in 2009 and I am the co-applicant for the same. As my father is not declaring home loan for tax saving, am I eligible to take advantage of tax benefit from home loan for the total principal and interest paid annually?
Re: Home loan co-Applicant eligibility
by Nitin Sharma on Jul 01, 2009 03:54 PM
Also would like to know, whether I will be eligible to take another Home loan on my name during the current home loan tenure and can get the benefit in Tax savings too??
Hi, Im Ram, a salaried employee. We have a 550 sq feet individual home at coimbatore which is registered in my mothers name.I want to apply for a home loan to construct the First floor. Do I have eligibility to get homeloan in my name so that I can have tax excemption.