Can I get a Home loan to construct Home on plot which is owned by father and not a N/A plot ?

POSTED BY sudhir ON March 12, 2014 10:22 pm ONE COMMENT

Hello,

I want to built bungalow on plot which is own by my father and not a N/A  plot . for that i am looking for Home loan ,Is there any problem for approving the Home loan from bank.?

Please suggest other option to approving loan for the same.

One reply on this article “Can I get a Home loan to construct Home on plot which is owned by father and not a N/A plot ?”

  1. ashalanshu says:

    Dear Sudhir, the bank may offer loan to you but as you are not the owner of the plot, you can not claim tax benefit on it.

    Thanks

    Ashal

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