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Q.

I need a Home Loan

I have seen a Property but is it Old Bldg.
its cost is 15-18 Lakhs
I need atleast 12lakhs

I ask HDFC bank but it say they dont give loan for resale property
From where I can get a Loan for these types of old Bldg.

Tags: lakhs, property, home loan
Asked by Ashokkumar Yadav, 05 Sep '07 10:46 am
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Answers (6)

1.

You have not told about your profession, your age
It is true that banks will find hard to finance for buildings older than 15 years.
there may be something else other than RESALE
approach different bank, show your assets, your income, family details and apply thru' your family member who is young and has good income. You can pledge your F.D's, Insurances, shares as collatoral security. I.T papers too help. If there is a rental income from the building you intend to purchase, clearly explain.
Alternatively CO-OP banks also do the same, wherein the rate of interest will be high.
There are various factors associated with buying and financing. If you can provide me particulars so that a clear picture can be obtained
Answered by mukund, 05 Sep '07 10:53 am

 
  
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2.

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Answered by Tony Hurley, 21 Jul '08 01:26 pm

 
  
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3.

Where are you located? The company I work for might be able to help.
Answered by Holly Pate, 10 Sep '07 12:22 am

 
  
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4.

Try other banks, may be a bank where u have ur account since many years
Answered by Beat Bears, 05 Sep '07 11:04 am

 
  
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5.

LOAN OFFER My name is Mr jeffery adams.i am a satisfied money lender. with a degree in accountancy.and a phd in business administration.i am also a father with two kids and a lovely wife I give loans to only responsible and serious persons, and student who have financial problem.If interested contact me via this mail. jbwalterscashtrading@gmail.com
Answered by jeffery, 04 Oct '07 05:06 am

 
  
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6.

Some banks do refuse to finance old properties, if they are more than 10 years old etc. Try other banks.
Answered by Usha S, 05 Sep '07 11:18 am

 
  
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