Magicbricks Now
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Can I avail loan for home registration and renovation?- Property Hotline
Can I avail loan for home registration and renovation?- Property Hotline
Expert: Kartik Jhaveri, Founder & Director of Transcend Consulting India Pvt Ltd.
Question: I have a flat in Kolkata which is rented out. Can I get a home loan of Rs5 lakhs for registration of house and Rs3 lakhs for renovation? If yes which banks give such loans? Is the repayment eligible for IT rebate?
Answer: Yes you can apply for "loan against property" i.e. you can take a loan against the property which is let out...
Related topics : loan home renovation
Budget 2017: Is equity a better investment now – The Urban Debate
Fine print of Budget 2017 reveals a 2 lakh cap on interest deduction from the second home loan. No incentive to invest in real estate. Should you invest in stocks instead? To get this answer, Magicbricks NOW caught up with Ramesh Jogani- Founder, Real Estate Fund IPAL; Gulam Zia- ED, Knight Frank India; G Chokkalingam, Founder & Managing Director, Equinomics Research & Advisory; Rajesh Kothari, CIO, Alf Accurate Advisors; Samir Kanabar- Tax Partner, EY India; and Mehrab Irani, general manager...
Related topics : interest home equity loan deductible
Cheaper home loans: SBI slashed loan rates, stands at 9.45 % - The Property News
The country's largest lender, the State Bank of India (SBI) has taken the lead to cut loan rates. The Marginal Cost of Lending Rates (MCLR) of the SBI stands at 9.20%. With this new approach, home loans are set to get cheaper. Tune into the video to know more:
Related topics : sbi loan home / india bank loan rates
FAQ: Can one get a home loan for a land? - Property Hotline
Expert: P.V Subramanyam, Home finance Expert
Q: I identified a plot of land in Kasauli and I intend to buy it. I am employed in an MNC. Can I get a home loan to buy land?
Answer: There are land loan available instead of home loan to buy a land. Although land loans are a tat more expensive than the home loan, you can get one and afterwards if you plan to build a house on it, you can get a home loan for it.
Related topics : get home loan / get a loan
How much tax exemption can we get from second home loan?- Property hotline
Expert: Kartik Jhaveri, Founder & Director of Transcend Consulting India Pvt Ltd.
Question: I have 3 apartments. The first one was self-financed. The second and third apartments were bought on loan. How much tax exemption can I get from the second home loan?
Answer: If you own more than one house property, the IT department only considers one property as a self-occupied house. It treats all other houses as deemed to be rented properties even if they are not rented at all. If you are...
Related topics : loan second home
The News – SBI Q3 earnings: Healthy home loan book
The State Bank announced its quarterly results. Profits halve and bad loans almost double. Home loans grow 17%. The company's retail loan book was also stable with 18.4% year-on-year growth. Tune in to the video to know more:
Related topics : company home loan
It’s time to buy home loans online
Homebuyers are opting for home loans online. In fact, paisabazaar.com closed the largest home loan disbursal worth a whopping `5.68 crore recently. Magicbricks Now caught up with Naveen Kukreja, CEO of Paisabazaar.com to know more about this deal. Tune in to the video to know more:
Related topics : home loan online
SBI cuts home loans to 9.1%, lowest in 6 yrs- The News
Diwali is not yet over at India’s banks. The country’s top lenders ICICI Bank and SBI have cut their lending rates. While ICICI Bank announced a rate cut of 0.1% in its marginal cost of funds based lending rates (MCLR), the country’s largest lender, the State Bank has slashed its rates to 9.15%, the lowest among all lenders.
Link: http://www.mbnow.in/property/videos/focus/sbi-cuts-home-loans-91-lowest-6-yrs/32405
Be Un - Confused : http://www.mbnow.in/property
Related topics : india bank loan rates / sbi loan home
FAQ: Can one avail a bank loan to buy land? - Property Hotline
Be Un - Confused : http://www.mbnow.in/property
Expert: Kartik Jhaveri, Founder & Director, Transcend Consulting Pvt Ld
Q: My father owns a plot of land where he plans to construct a house. I'm planning to buy the land from him. Can I avail a bank loan to purchase land?
Answer: Yes you can avail a bank loan for purchasing land. Generally you may get a land loan only for a residential plot. Also, the property should be located within municipal or corporation limits. Generally for a land loan,...
Related topics : can i get a loan from the bank
Is power of attorney mandatory for a NRI home loan?- Property Hotline
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Expert: Harsh Roongta, Chartered Accountant and a SEBI registered Investment Advisor.
Question: I'm an NRI working in Qatar. My family is based in Kerala and I want to buy a 2 BHK house in Mumbai through an NRI loan. Is appointing a power of attorney mandatory for an NRI home loan? I don't have any close relatives in Mumbai to appoint as Power of Attorney and my permanent address is in Kerala. Will these factors have any adverse effect on my...
Related topics : home india loan