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Thread: Home Loan - Please Suggest

  1. #1
    PolicyWala NewBie
    Join Date
    Aug 2009
    Location
    India
    Posts
    7

    Arrow Home Loan - Please Suggest

    Hi,

    I am working in a MNC in Bangalore. I am looking to buy property in my home town in Kolkata. As my salary is less, I would like my father to join me as co-applicant. My father is working in Govt Sec for last 20 years. My fathers job location is in Kolkata.

    Could you please tell me that I am eligible for Home loan from any other finance company?



  2. #2
    NewBie
    Join Date
    Mar 2009
    Posts
    22

    Default

    Yes, you can take Home Loan with your father as co-applicant. The loan amount would be 85% of the value of the property.

  3. #3
    NewBie
    Join Date
    Mar 2009
    Posts
    22

    Default

    Limitation - One more thing the time period of the loan would be till the time your father will earn (till the time of his retirement).


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