How Instantly Can a Housing Loan be taken ?
Most lenders (Banks and Housing
Finance Companies) would consider any property (House / home/ flats /
apartments) bought during the last 3 to 6 months as a regular housing loan
application.
You would be eligible for the same rates & income tax (IT) benefits
as any other home loan .
However, if you delay & the property purchase
becomes above 6 months old it will be
treated as Loan Against Property (PLP). The rates for the same are higher &
there would be no IT benefits as well.
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