Hi,

   I am planning a Home Loan for a site/plot and need to know the following:

1. I need X amount for the plot.

2. The plot will be registered for Y [X is greater than Y].

    I also know that the bank will approve 80~85% of this Y.

3. I need to know if the bank will consider the market value or the registered value of the plot to approve the loan as I will have a shortfall of amount. Will the bank ask the applicant to quote his loan amount needed?

I am interested in only nationalized banks and it will be very helpful if anyone guides me through this.

Thanks

Kunal