POSTED BY October 7, 2013 7:59 pm COMMENTS (3)
ONHi
We’ve (my wife was co-applicant) availed a home loan with SBI in the Year 2005 and closed it in 2012. Now, again we have applied for another homeloan with IDBI Bank, which has been sanctioned in principle and waiting for the first disbursement. Meanwhile, have thinking of another property to purchase for which planning for homeloan again.
Can I apply ? Please advise.
Thanks
Shankar
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Dear Shankar, there is no such guideline. If indeed it exists, please ask for the written copy of the same from the bank officlas.
Thanks
Ashal
Dear Shankary, there is no such limit. As long as you have income to repay your loans, you can take as many as you want to.
Thanks
Ashal
Thanks for your quick response Anshul.
I heard from one of the Bank Official that one can eligible for 2 home loans and if we apply for morethan 2 homeloans, then the rate of interest would be of the personal loan and not of home loan. Is that correct ? Please clarify.
Thanks
Shankar