Can we avail home loan for two houses?- Property Hotline

Описание: Expert: Kartik Jhaveri, Founder & Director of Transcend Consulting India Pvt Ltd.

Question: I took a Rs 25 lakhs loan when I had a salary of Rs 40,000/month. I have paid 16 EMIs on it. My current salary is Rs65,000/month. I want to buy another house. Will I get another loan?

Answer: Based on the estimates provided, you would be eligible for a home loan in the range of Rs10-Rs12 lakhs. This is considering a ROI of 9.5% p.a. and tenure of 20 years. The lender will re-assess your eligibility and loan repayment capability, before sanctioning the loan amount.

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