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Who Can Be Co-Applicant?
The Co-owners of the property in respect of which financial assistance is sought, must be co-applicants. Usually joint applications are from husband-wife, father-son or mother-son. The co-applicants must be blood relatives.
How Much Does India Bulls lend?
Loan amount is determined on the basis of the repayment capacity of the applicant/s. Repayment capacity takes into consideration factors such as age, income, dependents, assets, liabilities, stability of occupation and continuity of income, savings etc.
For How Long A Period Can I Get Loan?
Avail tenure upto 20 years.
What Is The Mode Of Repayment?Equated Monthly Installment (EMI)
It means a uniform lump sum amount, which includes repayment of a part of the principal amount and payment of interest, calculated on Monthly Rest basis. The amount is payable monthly.
EMI can commence
What Is The Security For The Loan?
The security for the loan is the first mortgage of the property to be financed by way of deposit of the title deeds, subject to local laws.
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Immediately after full disbursement. Or