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loan for buying house in a chawl

Can I get a loan for buying house in a chawl?

Banks and NBFCs have various criteria about lending for purchase of property. The title of the property is one of the key criteria. Houses in chawls usually fail this criterion. You may be able to get loans from local moneylenders for this purchase, but banks may not fund it.

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Submitted by Ritika on Wed, 07/16/2008 - 11:36.

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