Hi Anil, I am a salaried employee and my wife also salaried employee.
Q.No.1. If i we want buy 20lakhs site , how much loan amount we can get it? And is it covered under home loan or personal loan?
Q.No.2. If we have the 15lakh valuable site , to construct 2 floor house , howmuch loan amount we can get ? I understood the loan eligibility net salary multiplied by 60. But is there any restriction to get the loan based on the site also? Suppose if we go as co applicant is it eligible loan amount as ( my salary 60000/- & my wife salary 35000/- ) 6000060 +3500060= 5700000/-. ?
Q.No.3. to construct the house can bank provide at a time loan amount or is there any stages to get the approved amount?
Kindly provide me your valuable answer.