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Help required on home loan

Last updated: February 25 2012
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  • Help required on home loan

    Hi,

    I have booked an apartment in 3C Gurgaon (soft launch). The total cost will be around 66-68 lacs all inclusive. I have around 15 lacs to provide for from my pocket. This will leave me short by around 51-53 lacs. My home loan eligibility is 40 lacs.

    My question is whether lender would be willing to disburse (post this 15 lacs) in the ratio in which my loan gets sanctioned (40:53) or would I need to shell out another 11-13 lacs before any disbursement from the bank starts?

    Any guidance on the above will be greatly appreciated.

    Thanks!
  • #2

    #2

    Re : Help required on home loan

    Can anyone pls provide me help on this topic?

    Comment

    • #3

      #3

      Re : Help required on home loan

      most of the banks will insist that customer puts in his equity before bank can start disbursing the loan.

      Comment

      • #4

        #4

        Re : Help required on home loan

        Originally posted by boughtin3c View Post
        Hi,

        I have booked an apartment in 3C Gurgaon (soft launch). The total cost will be around 66-68 lacs all inclusive. I have around 15 lacs to provide for from my pocket. This will leave me short by around 51-53 lacs. My home loan eligibility is 40 lacs.

        My question is whether lender would be willing to disburse (post this 15 lacs) in the ratio in which my loan gets sanctioned (40:53) or would I need to shell out another 11-13 lacs before any disbursement from the bank starts?

        Any guidance on the above will be greatly appreciated.

        Thanks!
        same problem happened with me.
        You have to do this.
        Total cost: 65-68
        Loan Approved: 40
        Your Contribution: 15
        Difference: 68 - (40 + 15) = 13

        You will have to show source of funds of this 13 lakhs.
        Kahan se arrange karoge ye 13 lakh?
        You can show statement/pf/gpf etc. of your relatives. and also their relationship proof. aapka kaam ho jaayega.

        Comment

        • #5

          #5

          Re : Help required on home loan

          in next installments... you have to pay 25% of each installment from your own pocket and 75% will be paid by bank...It is up to bank.

          Comment

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