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FAQs
1. How much loan am I eligible for?
2. Will I get a home loan on the property I bought two months ago?
3. Will housing finance institutions (HFIs) also include my co-applicant's source of income when calculating my loan eligibility?
4. Can I get a home loan to buy an apartment overseas?
5. Do self-employed people have special eligibility norms?
6. Am I eligible for more than one home loan against different properties?
7. Can I get a loan for purchasing a land?
8. Can a non-resident Indian (NRI) avail a home loan?
9. What does a 'pre-approved property' mean?
10. What does Pre-EMI mean?
11. What is a fixed rate home loan? When should one opt for it?
12. What is a floating rate home loan? When should one opt for it?
13. Can I convert my loan from fixed rate loan to floating rate loan, and vice versa?
14. Can the fixed rate of interest change during the loan repayment?
15. Will I get a refund of the processing/administrative fees if I don't avail the loan disbursement or if my loan application gets rejected?
16. What is the difference between monthly rest and annual rest?
17. What are the charges other than interest that are levied by home loan lenders?
18. What are the tax benefits that I can avail of by repaying a home loan?
19. Can I take advantage of tax benefits on a home loan and at the same time claim House Rent Allowance (HRA)?
20. I have taken a home loan in which I am a co-applicant with my spouse. What is the total income tax exemption that we both can avail of?
21. I have taken two housing loans on two different properties. Can I get tax rebate under Section 80C and Section 24 on both loans?
22. Will the EMI amount or the tenure of the loan be affected if the value of the underlying property falls?
23. Is it necessary to get property insurance while availing a home loan?
24. Can I sell the house even when the home loan is not paid off?
25. Can I increase or decrease the amount of loan even after it has been sanctioned?
 
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