I have ₹16 lakh in savings. Is it possible to buy a ₹2 cr house?1 min read 13 Apr 2023, 11:43 PM IST
Most loan providers are likely to insist on at least a 10% down payment, which itself comes to close to ₹20 lakh, and this is higher than the assets that you currently have.
I am 38 years old and have savings of nearly ₹16 lakh. I want to purchase a 2BHK flat in Mumbai for ₹2 crore. How can I achieve this goal? I want to finance this house with a bank loan and I am planning to use 60% of my savings.