Hello. I saw you asking how to buy a second property with no deposit. Well, let me tell you that it is generally not possible to buy a second home with zero deposit. This is because of the guidelines set by the RBI, where banks cannot offer 0 down payment home loans. The maximum they finance is up to 90 percent, that t,o for properties under Rs. 30 lakhs in general. The remaining 10 percent has to be paid by you.
What to do if you can’t Buy a Second Property with No Deposit?
Banks and financial institutions are prohibited from offering 100 percent financing for any property purchase. The percentage you will have to cover is determined using the Loan to Value (LTV) Ratio.
Since you can’t buy a second home without any deposit, there are some alternatives you can explore.
Personal Loans: You can opt for a personal loan to cover the deposit for your second home. But remember that this will increase your overall loan burden.
Loan Against Property: What you can alternatively do is take a loan against your existing property and use the funds from there to cover the down payment for your second home
I hope this helps.
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How to Buy a Second Property with No Deposit?
teerth50
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4 months
2025-07-14T17:09:48+00:00 2025-07-14T17:09:49+00:00Comment
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