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Q.

Can provide home loan on Unapproved colony

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0 2022-01-07T17:06:37+00:00

There are some colonies in India that have developed without any plan or registration. The concept of urban planning is pretty new so at times people can face trouble while purchasing an unapproved property or securing a loan for an unapproved property. So at times, we wonder can we get a home loan for unapproved land. 

The answer to that would be no from leading banks honestly! You cannot get a loan for a property in unapproved colony because these properties may have unsettled disputes. But there are other financial institutions where you might get a chance to secure home loan. You should check it out. I hope this was helpful.

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