Question Related to Home Loan

[Imanojchoudhari]

There is a question, if a person lives in a village and does the same work, the salary is 15000 and he has his own house in the village, then can such a person get a loan in the city, if he wants to buy a house in the city? Can that person take a loan in the city by showing the salary slip of the village company?

 

[Deleted member 11974]

There is a question, if a person lives in a village and does the same work, the salary is 15000 and he has his own house in the village, then can such a person get a loan in the city, if he wants to buy a house in the city? Can that person take a loan in the city by showing the salary slip of the village company?

home loan is given based on two things property being purchased and salary
based on banks risk underwriting process it depends how much they would be willing to lend you

 

[RkrRkr is verified member.]

There is a question, if a person lives in a village and does the same work, the salary is 15000 and he has his own house in the village, then can such a person get a loan in the city, if he wants to buy a house in the city? Can that person take a loan in the city by showing the salary slip of the village company?

As you are a salaried individual, then you can be eligible to get a housing loan up to 60x of your net monthly income as a rule of thumb. So, if your net monthly salary is Rs. 15,000, you can get a home loan up to approximately Rs. 9,00,000.

Rate of interest for such loan depends up on your credit history and score.