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Loan Against Property to Home Loan conversion
can i convert my loan against property to home loan
Asked by     Parvez (1) in category Home Loans & Property Financing  on Dec 9 at 11:36 pm
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No this will not be possible. You will have to retire the earlier loan and apply for a home loan. Please note that you can take an a home loan on a acquired property only 6 months after it has been registered. Once that period is over you will have to take a mortgage loan that has a high rate of interest and also you will get only upto 50% of the value of the house as a loan.
Answered by B Malani, on Dec 12 at 1:38 am
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