Q. What is the maximum amount a person can borrow under home loan ?
The maximum amount, a person can borrow loan depend upon certain factors -,
Purpose of loan.
Whether, it is for the purchase of another property or renovation.
Purchase of property for development.
Moreover, residential status(Resident Indian/non- resident Indian), would be essential for the maximum allotment of loan a person borrow. Home loan comes in the range of 75 % to 85 % to the property of the cost (cost of land).
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