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Home / Finance / Home Loan / Zero downpayment project who can sanction loan on buying a flat
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Zero downpayment project who can sanction loan on buying a flat

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Summary
Zero down payment home loans are generally not offered by most banks or financial institutions, as they typically finance 80-90% of the property value, requiring a 10-20% down payment. While some projects might advertise "zero down payment," this usually implies the builder is covering the down payment, or the loan amount is structured differently and may not represent a true 100% financing from the bank. It is crucial to conduct thorough due diligence on such projects to understand the actual financing arrangement and avoid potential pitfalls. Home loans are the standard mechanism for financing property purchases, and eligibility is determined by lenders.
0 2022-03-10T20:30:00+00:00

Hey friend,

Most Banks or  financial institutions do not sanction 100% finance. Usually,  80-90 percent of the property value is sanctioned. This means, the remaining 10-20 % has to be paid in the form of down payment.

I would recommend, you conduct your due diligence about a project where zero downpayment is required. Banks sanction loans on buying property via their home loans. 

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