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

Share on Twitter
If you enjoyed this post, make sure you share it with others.
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

Popularity: 11% [?]

Save for future, Share and Enjoy:
  • Print
  • Digg
  • del.icio.us
  • Facebook
  • Google Bookmarks
  • email
  • FriendFeed
  • IndianPad
  • LinkedIn
  • Live
  • MSN Reporter
  • PDF
  • Technorati
  • Yahoo! Bookmarks
  • Faves
  • Twitter

One Comment

  1. snehalatha

    But most banks like SBI,corporatioin Bank, do not give loan for buying plots . They give housing loan if you are constructing house on the plot within 2 yrs.

Leave a Reply