POSTED BY August 26, 2012 1:37 pm COMMENTS (9)ON
Following is my situaion. Kindly answer them
I am working for a reputed software company. My age is 28 and annual package is 7 lacs (5.5 fixed and 1.5 variable)
I have purchased 2 flats in a established builder society. 1 flat is a 1BHK and another is 1RK. I have combined these 2 falts and made a 2 BHK.
The Price of 1BHK is 14 lacs and 1RK is 9 lacs which includes stamp duty and registration. So the total cost being 23 lacs.
My builder said I cannot register these 2 flats as a single flat i.e. 2BHK. I have to register it seperately.
Now according to government norms 1% interest subsidy is given for flats under 15 lacs. So will this scheme will be availble for both flats or only 1. I asked this to an axis bank home loan agent and he said I can surely avail it for one. He is not sure about both though. Can you please confirm on this? Also does SBI Max gain support these scheme.
I want to take SBI max gain home loan. One SBI agent said that I can get 85% home loan for 25 years on both flats as they are under 15 lacs. So total down payment being 3.5 lacs and loan being 19.5 lacs. I really doubt that cause on internet I have searched so much and didnt came on a single case where SBI gives 85% home loan. Can you confirm that SBI gives 85% home loan? If it does it will be a huge relief.
The possesson of flat is in January, 2013. I am getting married in January as well. Can I change my home loan to a joint home loan so my wife can also have tax benefits? Does SBI max gain allows that?
Please correct my minor doubt. If me and my wife depoist around 10-20K amount every month in the OD account, then will this save some EMI per month? Also, If I put 10 lacs lumsum amount after 1-2 years in the OD account, then the interst will be calculated on remaining balance i.e. around 8 lacs i suppose. Please confirm?
Does SBI max gain gives home insurance as well?