Question Detail

Please tell me that whether one person can get two home loans from a bank for two separate properties.

By Raj Kumar On May 30 2017 11:56PM

Answered by

Yes the person can get 2 loans on 2 diff. properties subjected to the eligibility of that person.....for e.g. if person monthly salary is Rs.50000 then he is eligible to pay max.of Rs. 25000 as a EMI and person is taking the loan for 20 year then he is eligible for Rs. 30,00,000 (Rs.25000*240/2) loan.

Jun 1 2017 10:44PM