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Can one get a loan from bank for purchasing land in India?

Updated: 11/10/2022

Wiki User

∙ 13y ago

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Yes. Loans for purchasing land is available in banks in India. However, the loan amount is usually only around 50-60% of the land value. In case of houses or property banks offer upto 85% funding whereas for land the % is much lesser.

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∙ 13y ago

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Related questions

Whether banks can give loan on agricultural land in India?

i am not sure about it but today i went to the bank for the same as i also needs loan against my agriculture land. The person there said yes to me that SBI bank gives loan against agriculture land. So i hope so that this bank gives loam against agriculture land.

Where can one obtain a commercial land loan?

One can obtain a commercial land loan at many banks such as Bank of America, ING Direct, HDFC Bank, and First Bank. A commercial land loan can also be obtained at Reliance Commercial Finance and Lending Universe.

Business Loan In India?

Bank guarantee

Which is the first Asian country to get a loan from World Bank?

india

Functions of mortgage banks and explain?

Function of mortgage bank is to lend for purchasing, reclaiming land and discharging old debts. They mortgage 50% of the land. Mortgage Bank commands its capital through deposits and dealing in shares and bonds. The period of loan usually ranges between 15 to 30 years.

What is the name of Asian nation which was first to get a World Bank loan?

india

How much loan did India taken from world bank?

1 Rs

What is the current federal land bank loan rate?

3%

What efforts government is making to providing loans for solar rooftop systems ?

Department of Financial services has instructed to all Public Sector Banks to encourage home loan/ home improvement loan seekers to install rooftop solar PV plants and include cost of system in their home loan proposals. So far, nine PSBs namely Bank of India, Syndicate Bank, State Bank of India, Dena Bank , Central Bank of India, Punjab National Bank, Allahabad Bank, Indian Bank and Indian Overseas Bank have given instructions to extend loan for Grid Interactive Rooftop Solar PV Plants as home loan/ home improvement loan.

How much loan INDIA has taken from world bank till date?

170000000000

Which bank launched India's first loan disbursement card?

Andhra bank is the first Indian public sector bank to launch the visa card in India in 1981.

Where can I aquire a hefty land loan online?

It is hard to gain a loan in the current markets. You can apply for a loan online with Bank of America.

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