bank loan against land

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  1. Sandeep raway

    Sandeep raway Member

    Plz advise. we have land in uttrakhand In hill area n there is no buyer.
    will it be good a option to take a bank loan against this freehold land and when we will not pay installments................
    Bank will take this land n we can take benefit of this land??????
     
  2. Parul_Gupta

    Parul_Gupta Active Member

    In case of Loan against Property - Bank will only give you Loan for 50% of the Market Value of the Property.

    Moreover, you would be required to repay this loan in installments for which the Bank will first check your Repayment Capacity through your Income Tax Return.
     
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