100% home loan

Can you get 100% home loan?

When you choose to avail a home loan, you also need to arrange for the downpayment on your own. Home loan interest rates are nearly always one of the lowest among all the loans. Thus, many times the question asked is can we get a 100% home loan? How to qualify for a 100% home loan?

The answer is simple –

You can not get a 100% home loan from any lender. Lenders usually finance around 75%-90% of the property cost and you have to pay the remaining 10%-25%.

This is due to the RBI directive.

What is required for a 100% home loan?

100% home loan is not allowed as per RBI directive. So even if you have quite a high CIBIL score, and good enough financials, maximum home loan approval is capped at 90% of home value.

Can I get 90% home loan?

Yes, you can get a 90% home loan, but the condition is that the home loan value should be ₹ 30 Lakh or lower.
RBI guidelines state that for a home loan of ₹ 30 lakh or lower, the Loan to Value(LTV) ratio can go up to 90% of property value.

Can I get a home loan with ₹ 15,000 monthly salary?

Yes, you can get a home loan with ₹ 15,000 salary too. The conditions for loan approval will depend on the lender. These conditions are mainly related to the type of employment, monthly expenses ( decided by your banking), etc.

How to get a zero downpayment home loan in India?

The only way to get a zero down payment home loan is to get the highest home loan approval and then use an unsecured loan to arrange for the downpayment.

Can I get a home loan without a downpayment?

To get a home loan without a downpayment requires little adjustment. You can take an unsecured loan ( for eg Personal loan) equal to the amount of downpayment required.

Scroll to Top
× How can I help you?