POSTED BY September 12, 2012 1:04 pm COMMENTS (3)ON
My net salary is Rs. 40500.I want to purchase a new flat in navi mumbai ,cost is Rs.22 lacs.I want to take home loan of Rs 15 lacs from SBI or HUDCO under 1% subsidy scheme .And i want 5 lacs LAP .Can i get loan against existing property (LAP)at dombivali for margin amount payment and home loan for purchase of new flat.
If yes tell me the emi distribution for both loans.
If i cant get loan against property for margin amount payment Then is it ok to show the LAP is for other use like renovation of flat,etc.
Please suggest me.