Real Estate India: how to get a loan for a BDA Site and what will be terms and conditions from the bank

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Question asked by Mr Vivek from US:

I am planning to buy a BDA Site in Bangalore. i want to know how to get a loan for that and what will be the terms and conditions from the bank

Mr. Vivek, USA

Vatsala Answers:

To get a loan sanctioned for a BDA site, if it is a first time allottment, the allottment letter from the BDA should be given to the bank along with other formalities like your salary certificate, etc. If it is re-sale, then you should furnish the allottment letter, possession certificate, lease cum sale agreement (if applicable), sale deed, khata, tax paid receipts and encumbrance certificates. After inspecting the originals, the bank will sanction the loan. Vatsala

For more information, kindly visit at Real Estate India or Online Real Estate Video.

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