Loan related query ?
2 years ago
If a flat has *market value of 50 lakh*, & the current owner will sell it, Only at 70 lakh. He's *demading 70 lakh*,
He'll EITHER keep the property for himself OR sell it at 70 lakh.
If *bank is offering 70% home loan..*
Then, how much amount of loan, buyer'll get
*70% on 50 lakh* ❓
*70% on 70 lakh* ❓
Ankur Goel @ Complete Law Shield
Responded 2 years ago
A.Not 50 lakh and not 70 lakh.
Bank will conduct survey for market value of flat.
if its 40 or 60 the bank will give loan on basis on that amount.
Bank will conduct survey for market value of flat.
if its 40 or 60 the bank will give loan on basis on that amount.
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A.Hi,
bank gives loan on the basis of market value, so its 70% of 50 lakhs.
bank gives loan on the basis of market value, so its 70% of 50 lakhs.
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Ayantika Mondal @ Prime Legal
Responded 2 years ago
A.Hi,
You will get 70% on 50 lakhs, ie. on the market value.
You will get 70% on 50 lakhs, ie. on the market value.
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A.*70% on 50 lakh* ❓
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