Can I take loan for buying land?

Loan for land purchase is offered by banks when you need financing to buy a plot or a piece of land. This loan is generally provided for residential purposes and in urban areas. However, some banks do let you use the loan amount to purchase land in a rural area.

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Also, how much home loan can I get on 40000 salary?

How Much Home Loan Can I Get?

Net Monthly Income (₹) Loan Amount (₹)
₹ 25,000 ₹ 13,73,026
₹ 30,000 ₹ 17,09,806
₹ 35,000 ₹ 20,46,586
₹ 40,000 ₹ 23,83,366
Just so, how much loan can I get on 50000 salary? However, if you are deliberating on the loan amount with how much loan I can get on a 60,000 salary, the approved amount should be close to Rs. 16.20 lakhs.

Salary Expected Personal Loan Amount
Rs. 40,000 Rs. 10.80 lakhs
Rs. 50,000 Rs. 13.50 lakhs
Rs. 60,000 Rs. 16.20 lakhs

Beside above, who will lend me money to buy land?

5 types of land loans

  • Lender land loans. Community banks and credit unions are more likely to offer land loans than large national banks. …
  • USDA Rural Housing Site loans. …
  • SBA 504 loans. …
  • Home equity loan. …
  • Seller financing.

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