Home loan in resale - Indian Real Estate Forum

mahehss · 09-01-12

Hi,

I have been told that I can't get home loan on the premium amount even if the premium is white. is it true?

e.g. lets say I am buying an apartment in resale 70L out of which 17L is premium. If the current owner is ready to take all the money in white, how much loan I can get on this property.

mahehss · 09-01-12

Does anyone know anything about this? Please suggest.

Amitau · 09-01-12

I am taking a loan from hdfc, and they are giving me loan on the premium amount as well. They are ready to loan 80% of (bsp+plc+white premium+parking+club charges+stamp duty)

mahehss · 09-01-12

I also thought the same but one bugger from allcheckdeals said otherwise. Btw allcheckdeals is one useless service provider they suck. 3-4 persons called me and asked me the same details, they can't even maintain a database.

Thanks amit for your help.

Thanks,
Mahesh

gharondabhai · 09-01-12

Loan amount on resale transaction depends on valuation of your property. How the valuation is done, no one knows so you know where to look for. There are independent valuer as well as banks has their own valuer.

Banks give loan (say 70% or 80%) based on valuation and ofcourse your repayment capabilities. valuation may or may not have any relationship with circle rate.

riya mitra · 18-01-12

There are different denominators to calculate the resale value of a flat. The price of old flats is calculated based on two factors - cost of construction per sqft and second is UDS allotted for the flat.

Pradeep Singh · 18-01-12

There are people as per home loan laws who are not eligible to get a home loan from financial services. They are people have already enjoyed 2 or more concessionary interest rate mortgage loans previously. To Know more visit edenblogs.

09-01-12	#1
mahehss Member Join Date: Dec 2011 Posts: 92 My Mood: Thanks: 26 Thanked 0 Times in 0 Posts	Home loan in resale Hi, I have been told that I can't get home loan on the premium amount even if the premium is white. is it true? e.g. lets say I am buying an apartment in resale 70L out of which 17L is premium. If the current owner is ready to take all the money in white, how much loan I can get on this property.

09-01-12	#3
Amitau New Member Join Date: Dec 2011 Posts: 29 Thanks: 4 Thanked 9 Times in 7 Posts	I am taking a loan from hdfc, and they are giving me loan on the premium amount as well. They are ready to loan 80% of (bsp+plc+white premium+parking+club charges+stamp duty) Last edited by Amitau; 09-01-12 at 12:40 PM.

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09-01-12	#5
gharondabhai Veteran Member Join Date: Nov 2010 Posts: 2,270 My Mood: Thanks: 72 Thanked 274 Times in 173 Posts	Loan amount on resale transaction depends on valuation of your property. How the valuation is done, no one knows so you know where to look for. There are independent valuer as well as banks has their own valuer. Banks give loan (say 70% or 80%) based on valuation and ofcourse your repayment capabilities. valuation may or may not have any relationship with circle rate.

18-01-12	#6
riya mitra New Member Join Date: Mar 2011 Posts: 4 Thanks: 0 Thanked 0 Times in 0 Posts	There are different denominators to calculate the resale value of a flat. The price of old flats is calculated based on two factors - cost of construction per sqft and second is UDS allotted for the flat.

18-01-12	#7
Pradeep Singh New Member Join Date: Jan 2012 Posts: 2 Thanks: 0 Thanked 0 Times in 0 Posts	There are people as per home loan laws who are not eligible to get a home loan from financial services. They are people have already enjoyed 2 or more concessionary interest rate mortgage loans previously. To Know more visit edenblogs.