How much houseing loan available from bank

Assessess sales turnover rs:50 lacs and purchase of site value rs:40 lacs as per registeration value.
question:
1.assessee how much houseing loan available from bank for ITR turnover based
2.assessee how much houseing loan available from bank for property registration value based.
Replies (3)
Quick Summary
This discussion explores how banks determine housing loan availability. It clarifies that loans are typically not granted for land alone but require construction plans. The loan amount is generally around 75% of the combined plot and construction value, and crucially, it's based on your average earnings over the last three years, not your sales turnover. Interest rates can vary slightly between banks and loan types.

First of all Housing loan is not available over plot/land, unless you submit construction plan of any residential unit over it.

Secondly, loan is sanctioned about 75% if the aggregate value of plot along with construction cost (FMV needs to be evaluated)

Thirdly, it is subject to your earnings of last 3 years' average; and not over turnover.

According to everyone, does each bank have a different interest rate or are they all the same?

 

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Marginally different for each product.

It differs widely with different loan category.

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