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| Question : I want to buy a flat by taking the home loanbut the flat does not have any dastavej but it has kabja rasid(slip) can i get the home loan. or what should i have to do to get home loan | bijal mehta,
m_bijal_81@yahoo.co.in | | There is no possibility of getting a loan on a property with kabja slip and no bank will take risk which doesn't have title documents for last fifteen years. Banks cross checks all the title documents of the property before disbursement of the loan.
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| Question : I bought a flat 3 years ago my emi started but got the possession 1 year ago . now i want to sell it .Can u plz tell me about long term and short term capital gain on property???????????? | priyanka,
priyank007bond@yahoo.com | | If your are investing the money which you got through the sale flat again in any property then you need not to pay any capital gains on the profit, if you are not investing any where then a maximum of 20% need to paid towards the capital gains.
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| Question : Sir, I along with my brother in law purchased and registered a land before four years for about 20 lacs. Myself and my husbad bothe are employed.Is it possible to avail home loan for the land. What would be the right procedur | lakshmi,
lakshmi_kk2005@yahoo.co.in | To avail a loan on the property which has registered on your name along with your brother in law you need to obtain complete rights over that property other wise you can't avail a loan on that property. A release deed should be obtained from your brother in law to avail a loan by making your husband as co-applicant or make your brother in law as third applicant in the home loan application.
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| Question : Is it safe to buy a flat which is under mortgadge due to bank loan? If so wht is the procedure?The seller says that I should pay the loan amount and bank will return the originals only after a week or so | Akhil,
sharma_ac@yahoo.com | | If you are purchasing it through a bank loan then there is no need to worry. Banks will disburse the loan in two parts in which a Pay Order will be prepared for the outstanding loan amount of the loan and the remaining for the balance sale consideration. First the payorder for the other bank will be realesed and once the documents are recieved by the vendor from the bank and at the time of registration the second payorder will be issued. So it is quite safe to buy a property which is already mortgaged in bank due to loan.
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| Question : I have taken a loan from oriental bank of commerce in 2002... if today i do the settlement then for how many time i will not get other loan on the same property or on the same loaner name?? | amit pamecha,
rajamit16@gmail.com | | If you are closing the loan completely then you can avail loan on the same property on the same applicant name post 3 months of closing.
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| Question : Hi,
I bought a flat in noida in 2008 worth 65,0000. I got home loan on my name n payin my monthly EMI. Now wen I need to register the property can it done on my mothers name. And do I get some concession on stamp duty for registring on womens name? If so how much | Sunil,
Drsapnachauhan@gmail.com | | You got the loan disbursed from the bank and repaying the EMIs from your account already so you cant change the agreement which you have submitted to the bank for availing the loan now. The property should be registered as per the agreement. If the agreement reflects your mother name then you can register the property on her name if not it is not possible n bank will not accept it. By registering a property on ladies name one can get a maximum of 1% concession on stamp duty.
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| Question : Is it possible to get approval to construct a house on a land area of 600 square feet in chennai city (near KK Nagar) with bank approved loan | Syed,
sulthan_syed@yahoo.co.in | | Banks will not fund for properties which are below 900 Sq.feet area, approach NBFC for the construction loan.
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| Question : I am going to buy a house how can i know that there is no loan on already on this house | sumit,
mehrasumit15@yahoo.com | Ask the vendor to show the original documents for verification, if the vendor shows originals then there is no loan on that property.
Obtain Encumbrace certificate for 15 years on that property if no Regustered Mortgage deed was reflected then there is no loan on that property.
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| Question : Sir, my wife and her younger sister are legal heir of my father in law`s house (only GF constructed). Both are married and r housewife. My father in law want to give GF to younger daughter and terrace rights for construction 1 and second floor to elder one. How can I get loan to construct 1& 2 fl. What documents will have to be prepared which will help me to take loan and get floors registered in my and my wife`s name. | niraj,
nt@rediffmail.com | | For obtaining a loan for any type of construction activity the applicant or co-applicant need to have a title document to mortgage with the bank. The title documents is the primary security to the bank to fund for the properties. Banks will not fund on wills as they can't mortgage the document as security for loan purposes.
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| Question : From where can i get the Layout plan (map),as required by the Bank to process the loan application | M SURESH,
msureshsun@gmail.com | | From the concerned Municipality Or Gram Panchayat will have the layout. To get a copy one need to pay the required charges to the government.
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| Question :
I am in discussion to purchase a re-sale flat which is register under the West Bengal Co-operative Housing Societies,Act,1983(WB ACT XLV of 1983).
Is sale under copertive is diffrent from normal sale, what are the bullet points need to be remember bfore purchase.
| sanjib Das,
sanjibd2@rediffmail.com | | There is no big difference between a sale from Individual to individual and from a co-operative society. One need to be more careful when buying a property from a co-operative society as the societies hold a large parts of lands on their name and you will be buying a small piece of that. So it is suggested to take all the documents related to your property for the last 25 years to check the legality of the property.
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| Question : Sir, I am residing in a flat which I purchased 3 yrs ago on loan. I have another flat which I want to sell. Can I use this amount to foreclose my housing loan. Will I have to pay capital gain tax | Amit Mishra,
amit10_mishra@gmail.com | | If you want to foreclose your loan then you need to pay capital gains on the amount of profit you made on the sale of property and before fore closing your loan bank will ask for the proofs of source of funds.
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| Question : I have plans to buy peice of land by taking homeloan from LIC since LIC is providing loan only for land+constrcution .What if i take home loan and dont construct house there?Will i be paying any fine and if yes how much?And will i need to pay more rate of interest if yes how much | madhu,
madhu.rathod@gmail.com | | If you take a Plot + construction loan then the bank will disburse for the plot first and later for the construction depending on the construction stage. If the customer does not start the construction then bank may convert that loan into plot loan with a maximum fine of 4% on the loan amount and with the higher rate of interest or banks may ask to close the loan.
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| Question : Greetings, My mother owns a house which has 5 lakhs as overdue on home loan. We are 6 siblings, 4 daughters and 2 sons. Can i purchase this house from my mother by taking a home loan (Transfer loan). Please sugges | Joseph,
josephnaveen11@gmail.com | | You cant avail a housing loan for purchase of property from your mother. Banks will not fund for inhouse family transactions.
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| Question : Can i get home loan post the settlement of my credit cards. please clarify.....thanks in advance | Anil Kumar,
anil.saya@gmail.com | If you have settled and obtained all the necessary documents of the settlement then you can apply for a housing loan but the amount of settlement plays an important role in your loan processing. If the settlement amount is more than 20 thousands there will be lesser changes of getting a loan if it is below that banks may provide loan to you.
If the account is written off then there is no chance of getting a loan and you need to clear all your dues to avail a housing loan. If any loan accounts are settled or written offed then the chances of getting a loan of nill.
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| Question : Sir,
We, 8 people working in PSU and are getting take home salary 45k.We are planning to purchase the land and construct the G+3(8 flats) Building in Hyderabad. I would like to know the possibility of getting loan for land as well as building, please mail me the procedure for getting the loan.
Thanks & regard | V V Ramana Reddy,
ramanareddy305@gmail | | It is not possible to purchase land and construct an apartment with the bank loan jointly for 8 people.
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| Question : I established Paper CUP Industry in September, 2011. I required working capital loan. please send me the details | Samba Shiva Reddy.S,
info@muthupapers.co.cc | | For availing a Business or working capital a company should be of 3 years old. for details click here
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| Question : Hi, I bought land which is 77sq.yds , Can i avail a home loan | CB,
sega_dig@yahoo.com | | Banks wont fund for properties which are less than 100 Sq.yards you need to approach NBFC's like sundaram, DHFL for a housing loan if you have the approved plan for construction.
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| Question : Am planning for a hoam loan in SBI bank. if am the applicant, can i register the house on my wife`s name?Or can I register the house jointly(Myself and my wife`s name | Prinu,
preethifm@gmail.com | | You can register the property on Join name for which you need to make the agreement on joint name. You can also register the property on your wifes name if she is co-applicant and her income also considers for loan, if she is not working then you need to check with the bank in which you apply for a loan.
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| Question : Hi,
We live in the US ..we bought a 3BHK flat in Hyd ...am not very happy with the experience I have had and am thinking of selling it.It has not been occupied ..please let me know how to start the process of selling.
Thanks in advance.. | kumar,
vjanu83@gmail.com | | If you want to sell your property then you can post the property details here. Just register your free account here and post the details to recieve the details of prospects who would like to purchase your property.
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| Question : Dear sir
I bought a land with cmda approval ner poonamalle for 3.2lacs but market value mentioned on docs is only 1.08 lacs only
registration done in last month only
can i now apply for a loan against this property
what docs required for the same ?
what will be rate of interest ?
which bank gives less interset | Senthil Kumar,
GSenthilkumar@tii.murugappa.com | | Most of the banks don't fund against open plots. You need to approach NBFCs for the same. The Rate of Interest will be higher than Home loan and it starts from 12.75%.
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| Question : I am looking for home loan in Hyd Banjara Hills Rd No.12,plz suggest me which bank charges less and what is the procedure.Plz Emial Me on skduskadum@gmail.co | Sameer,
skduskadum@gmail.com | | You can check the interest rates depending on your loan amounts in our website home page and the procedure for availing loan is explained in detail in our blog post. you can download list of documents required to process your loan from the "Documents" tab on Main Menu. To start the processing just apply online we will give call back to you.
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| Question : We have 20 cents of land,and its in my mothers name.we are 4 children.Now I want to construct a house in that plot by taking loan.Is it possible to take loan in my name without transferring property to my name? If not can I take a joint loan with my mother? She is a house wife and has no source of income | Don Patrick Lobo,
dplobo123@gamil.com | | You can't avail a home loan on your mothers property as the remaining three brothers are also legally eligibile for their share in that property. To avail a loan on the property by making your mother as co-applicant you need to have a NOC from the remainin three but the loan is at the sole discretion of the bank.
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