Loan for purchase of land
This query is : Resolved
26 March 2008
Suppose, I would like to apply for a loan for the purchase of land Rs.5 Lakhs from a bank.
About 40% of the total land price will be spent from my side as per the sale deed and balance 60 % will be the bank loan.
The security for the loan will be the land itself ( ie, the land to be purchased). I can submit the sale deed to the bank as mortage.
But I can not submit any proof of income to the bank for the payment of EMI.
The bank will provide the loan or not ?
which bank providing / not providing the above facility.
S.K.
Suppose, I would like to apply for a loan for the purchase of land Rs.5 Lakhs from a bank.
About 40% of the total land price will be spent from my side as per the sale deed and balance 60 % will be the bank loan.
The security for the loan will be the land itself ( ie, the land to be purchased). I can submit the sale deed to the bank as mortage.
But I can not submit any proof of income to the bank for the payment of EMI.
The bank will provide the loan or not ?
which bank providing / not providing the above facility.
S.K.
27 May 2008
tough to get loan in ur case, source of repayment is very important
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- NRI starting business in India
- ADVANCE PAYMENT OF ADVOCATE
- ITDS U/S.194T of Firm
- GST not cancelled by tenant
- Non-Compliance documents have not been submitted by the contractors debited
- Capital gain on sale and purchase of plot
- Filling ITR - U
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
