Table of Contents
- 1 Can I get home loan without property documents?
- 2 Can I get home loan if property is not in my name?
- 3 How much home loan can I get on 25000 salary?
- 4 How many times we can take home loan?
- 5 Which bank gives loan against property?
- 6 What is P-lap SBI loan?
- 7 What are the documents required for applying for a home loan?
Can I get home loan without property documents?
If the property is under construction, the home loan can be obtained without registration documents. However, it must be registered post possession and a completion certificate is obtained. You cannot get a home loan without the registration documents.
Can I take home loan after registration?
It depends from whom you are buying. If you’re buying from a builder, the bank may not worry too much about the registration, but may hold back some amount, and go through only 70-80\% of the disbursement. Q: I plan to take a loan for a ready-to-move-in property.
Can I get home loan if property is not in my name?
You have to get the property transferrred to your name by a registered deed to become eligible for home loan.
What is eligibility for loan against property?
Loan Against Property Eligibility Criteria, Dec 2021
| Age of the Applicant | 18 to 70 years |
|---|---|
| Work Experience for Salaried | 3 years and above |
| Loan Against Property Rates | 6.90\% |
| Business Stability for Self Employed | 5 years and above |
| Minimum CIBIL Score | 650 |
How much home loan can I get on 25000 salary?
25,000, you can avail as much as Rs. 18.64 lakh as a loan to purchase a home worth Rs. 40 lakh (provided you have no existing financial obligations.)
What is the eligibility for housing loan in SBI?
Home Loan Eligibility Calculator SBI 2021
| Eligibility Criteria | SBI Home Loan |
|---|---|
| Minimum Eligible Income | ₹ 40,000 and above |
| Work Experience for Salaried | 2 years |
| Business Stability for Self Employed | 5 years |
| CIBIL Score | 650 and above |
How many times we can take home loan?
The good news is, a borrower can have as many home loans in India as he or she wants, and there is no law barring them from servicing only one home loan at a time. Therefore, if a borrower wants to purchase say 25 properties at a time, he or she can take different home loans for all of them from 25 different lenders.
What all documents are required for loan against property?
Documents Required for Property Loan
- Application form with a recent photograph.
- Proof of Identity (Passport Copy /Voter ID card /Driving License /PAN Card)
- Address Proof (Ration card /Telephone Bill /Electricity Bill /Rental agreement /Passport copy /Bank Passbook or Statement /Driving License)
Which bank gives loan against property?
Best Loan Against Property Schemes
| Bank | Interest Rate | Tenure |
|---|---|---|
| ICICI Bank | 8.35\% p.a. – 10.00\% p.a. | Up to 15 years |
| HDFC Bank | 8.00\% p.a. – 8.95\% p.a. | Up to 15 years |
| IDFC First | 8\% p.a. onwards | Up to 20 years |
| Tata Capital | 10.10\% p.a. onwards | Up to 15 years |
What are the requirements to get a home loan from SBI?
SBI requires a mortgage of the property for which the loan is being taken. Where mortgage can’t be provided, other tangible security would need to be provided. The title of the property should be clear, for which a certificate would be required from the Bank’s approved advocate, safeguarding your interests as well as Bank’s interests.
What is P-lap SBI loan?
SBI Loan against Property (P-LAP) Get the best value for your home to fulfill your financial needs Avail loan against property for fulfilling personal needs such as meeting expenditure on education, marriage, healthcare, etc. other than speculative purpose. It is to be noted that loans under SBI LAP will not be permitted for Business Purposes.
What is the pre-payment penalty for SBI loans?
Pre-payment Penalty: When a loan is repaid before the scheduled duration, a penalty may be charged by some banks, which is known as the pre-payment penalty. SBI at present does not charge any pre-payment penalty.
What are the documents required for applying for a home loan?
The documents that are required for applying for a home loan are by and large similar in all banks. Here is a tentative list: 1. Your photo ID proof ( PAN card/ passport/ Aadhar card/ voter ID card/ driving license.