Can I get a home loan?

[Ananya]

I am a private Ltd company employee. I wanted to buy a flat of worth Rs 450000, excluding the registration amount. I am able to pay a EMI of 10000/month. I need a home loan of Rs 500000.
Query - Can I get a home loan on these terms?

I have a fixed deposit of 5 years worth of 70000 and a LIC policy of Sum Assured 75000 (whose I have paid 1st yearly premium)

Please advice me.

[Rahul]

You have not mentioned your earning. Loan depends on the earning of the person. Second point - When you are looking to buy a flat of 450,000, why loan amount 500,000?

[Ananya]

I earn 22000 per month and I am looking for loan of Rs 500,000. (As I need to pay the registration fee too)

[Ananya]

I also need to pay for some lighting charges and also deposit some security deposit before shifting into the flat, so I need 500,000 (450,000 = flat cost + lighting charges + security deposit etc)

[Rahul]

You can check your eligibility here - http://loans.msn.bankbazaar.com/home-loan.html
In you will get only for the flat value not for lighting charges + security deposit etc.

[henneryfall]

you get the loan amount in any banks and financial company.but you your loan amount 450000 and you get 500000 so this is a query.Any banks pay the loan if you are a employee and pay tax.Per lac installment is may1200 rs per month.