Buyer's Guide Housing Loan: How instantly can a home loan be taken ?

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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