Raman, Mumbai
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Finance of 20% down payment for purchase of property in ahmedabad
Q: This is Raman staying at Mumbai. I have identified property at SP Ring road, Ahmedabad. The terms of the payment is 20 % upfront and balance 80% post completion after 2.5 years. I need loan of 20% which comes to apprx 3 lakhs. Presently working with private company and the net income pm is 23000.

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in this condition you can opt for a personal loan of that 20% amount and then when the remaining 80% is to be paid you can opt for home loan.
But personal loans are costly. Do you know any institution which can lend 20%,i.e 3 lakhs at reasonable interest rate
5th March 2014

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