Yes, you can repay your loan well in advance through lump-sum payments. As per latest RBI notifications, all floating rate loans & prepayment charges have been waived off.
Banks usually allow 60 times of the net monthly income. The basic procedure and process include the following procedures.
- Nature of Business or Profession
- Age of loan seeker
- Credit score
- Your past transactional history with the bank
- Credit score
Stability of Income
You can right away apply for a loan if you’ve finalised property. It is evident to do proper research of following parameters before you proceed with the loan procedure.
- Processing charges for Loan
- What is the interest rate
- The best type of loan for your needs
- What deposit is required?
You can buy as many as a property you like form Aishwarya. We don’t have a purchase limit for our customers.
Here we have listed a couple of exemptions that would be applicable.
- Buy Or Construct New House:
If you choose to construct a house over the land purchased through Aishwarya or buy a flat after selling your previous property, then you’re exempted from the Capital gains tax.
- Invest in Bonds:
Investing in bonds & financial assets could be another option as well. Bonds issued by Rural Electric Corporation & National Authority of Indiashould be bought within 6 months of property transfer.
Stamp duty is more of legal recognition to your property and to be paid by home buyers. One can claim an incentive of 1.5 lakh on stamp duty in case of purchase or construction of the new property. The benefits are limited to self-occupied property.
Yes, the awardee would be liable to pay a stamp duty of 5% to 12% in all states. Although there are certain exemptions for female contenders in states like Haryana, Delhi, Rajasthan.
The buyer needs to comply withthe following taxes.
- Stamp Duty
- Service Tax (Exempted in case of “ready to move in” property)
- TDS (Amount exceeding 50 Lacks, Excluding agricultural lands)
- VAT (If applicable in the concerned state)
- Original copies of Building approval Plans and title agreements.
- Possession Letter
- Original stamp duty and registration receipts
- Proof of payment of all due bill (phone, water, gas, property tax, electricity) up to the date of possession.
- Original share certificate (in case of Societies)
- NOC from local society and other local government bodies.