Q:What is the concept of Parallel financing? I'm planning to buy an apartment and I only have 2 lakh Rs to make the down payment. My salary is around 14 lakh per annum. So my friend has told me that I can also take Loan to do my down payment. Is it possible?
Latest Answer: You are not entirely right, Yes can take PL in order to meet the shortage on Down Payment. Plus some time their is different scheme going where, bank allowed you to make 10% as DP. But remaining 10% you have to deliver before you took over the property.
