I am planning to buy a resale property in Chennai, but I don’t have enough money to pay fully. So, I researched online to know how much home loan can I get for resale flat? I found that banks usually give a loan of 75% to 90% of the market value or the agreement value, whichever is lower.
How Much Home Loan can I Get for a Resale Flat?
From what I learned, the loan amount you get depends on several things, like your age, the location and condition of the resale flat, and your credit history.
Usually, for properties valued between Rs. 20 lakhs and Rs. 75 lakhs, banks provide approximately 80% of the value as a loan.
For more expensive properties, the loan percentage tends to be lower.
The loan amount percentage and interest rate can vary depending on the bank you choose.
This helped me understand home loans are not the same for everyone and depend on many factors. Hope this information helps you too.
Avail Home Loan at Low-interest Rates for Resale Flats through NoBroker Home Loan Service
Your Feedback Matters! How was this Answer?
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
How Much Home Loan can I Get for Resale Flat?
Kumar77
94 Views
1
4 months
2025-07-15T16:27:24+00:00 2025-07-15T16:27:26+00:00Comment
Share