Is it Possible to Get a 100 Percent Home Loan in India?
What Does a 100 Percent Home Loan Mean?
A 100 percent Home Loan means the buyer can completely finance their house, i.e., they don’t have to worry about the down payment while buying the house.
Can You Get a 100 Percent Home Loan in India?
The answer is NO! RBI does not allow banks and NBFC to give a 100 Percent Home Loan in India!
Can I Do Something To Get a 100% Home Loan?
In a way, YES! You can sanction up to 90 percent of your Home Loan, meaning you have to pay only 10% for your new home-to-be! Rest of the amount is in EMIs.
Before Applying Check your Home Loan Eligibility Now
• Monthly Income (Should be a min. of 15,000)
• Age (21 years)
• CIBIL Score ( 611 or above)
• Work Experience (3+ years)