m.muthuraman, Apartment Resident
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HDFC: Home Loan
Q: Hi, I have applied for loan from HDFC Bank. They are saying that they will include the registration cost also to calculate the total cost of the property, thereby making me to enhance the loan by 2 more lakhs. Any idea whether this is the policy or this policy is only with HDFC?

Latest Answer: Generally banks consider registration cost for home loan. That is better for people who want more loan. However if you need less loan, then you can take less loan than whatever you are eligible for. I don't see any problem in that. On a separate note, while calculating home loan eligibility, the banks require valuation report. The valuators generally evaluate cost of the property little less than the actual cost. This decreases the loan eligibility amount.

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