POSTED BY March 12, 2014 10:22 pm ONE COMMENT
ONHello,
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.
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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