hi, i want to buy 15 acers of land the land cost is 1.50 lac per acers i can invest 7 lacs from my pocket rest i want t take a loan is it possible. if yes plz e mail me . dont pm me.
thanx
hi, i want to buy 15 acers of land the land cost is 1.50 lac per acers i can invest 7 lacs from my pocket rest i want t take a loan is it possible. if yes plz e mail me . dont pm me.
thanx
Most Banks do not offer loans to buy land. If you plan to do something with the land then come up with a project report and present it to the bank based on which it would be easier for you to secure a loan.
This is to ensure that the land does not become a dead asset and you will be earning for the land you purchased to service the loan from the bank.
