I am looking for a HOME LOAN of around 35lacs for a tenure of 15-20years (My age is 25), since my net salary is not much I am not eligible for that kind of Loan amount. Because of that I thought I would take a joint loan with my dad. Together we were able to get a loan eligibility of 40lacs. But the problem is age of my dad is 56, and he is set to retire at the age of 60.
Since he has only 4years of employment remaining, the bank is not ready to give the loan for 35lacs and offers only 15-18lacs.
I had inquired at Citibank, LIC HFL and SBI. Do you guys have any suggestions or know any banks which can help me out of this?