Comments on: Home loan without a home http://www.bizdewz.com/home-loan-without-a-home/ India Business - Analysis & Opinion Mon, 13 Jun 2011 11:56:12 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Siva Rajendran http://www.bizdewz.com/home-loan-without-a-home/comment-page-1/#comment-356 Siva Rajendran Tue, 31 Mar 2009 17:31:31 +0000 http://www.bizdewz.com/?p=253#comment-356 //Home loan exemption is to promote buying of home only..... By start paying your EMI earlier also you are going to buy home only. Govt. can charge appropriate percentage of taxes if the home loan was cancelled later. //When will the customer get the home loan amount..... Customer will not be given any amount. Loan amount will be given to the builders only. //Banks will not definitely pay before you really buy a home..... Yes, that's the advantage for the banks here. They don't need to pay the builders till the customers decided on their home, but still have the EMI deposits from the customer //what will be the loan amount in this case?... Home loan providers can decide that based on the income of the customer. //even if they pay after the customer bought the home, no customer will pay interest for the amount that he has not received..... As I've mentioned in the Advantage customers section, there are certain advantages like you can enter when the home loan rates are low, start paying EMI's earlier before settling down to a specific location. //Home loan exemption is to promote buying of home only…..
By start paying your EMI earlier also you are going to buy home only. Govt. can charge appropriate percentage of taxes if the home loan was cancelled later.
//When will the customer get the home loan amount…..
Customer will not be given any amount. Loan amount will be given to the builders only.
//Banks will not definitely pay before you really buy a home…..
Yes, that’s the advantage for the banks here. They don’t need to pay the builders till the customers decided on their home, but still have the EMI deposits from the customer
//what will be the loan amount in this case?…
Home loan providers can decide that based on the income of the customer.
//even if they pay after the customer bought the home, no customer will pay interest for the amount that he has not received…..
As I’ve mentioned in the Advantage customers section, there are certain advantages like you can enter when the home loan rates are low, start paying EMI’s earlier before settling down to a specific location.

]]> By: Navaneeth http://www.bizdewz.com/home-loan-without-a-home/comment-page-1/#comment-355 Navaneeth Tue, 31 Mar 2009 05:13:27 +0000 http://www.bizdewz.com/?p=253#comment-355 Home loan exemption is to promote buying of home only. So even if you get home loan without home government will not give income tax exemption. When will the customer get the home loan amount. whether while buying home or taking home loan. Banks will not definitely pay before you really buy a home. because home loan rates are cheaper than any other loan rates, so any body need a loan can make use of it. what will be the loan amount in this case? meantime banks will not have any supporting document for the home that u r going to buy?? even if they pay after the customer bought the home, no customer will pay interest for the amount that he has not received. either way it won't work out. Home loan exemption is to promote buying of home only. So even if you get home loan without home government will not give income tax exemption.

When will the customer get the home loan amount. whether while buying home or taking home loan.
Banks will not definitely pay before you really buy a home. because home loan rates are cheaper than any other loan rates, so any body need a loan can make use of it.
what will be the loan amount in this case?
meantime banks will not have any supporting document for the home that u r going to buy??

even if they pay after the customer bought the home, no customer will pay interest for the amount that he has not received.
either way it won’t work out.

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