Home Loans: What is the amount that can be sanctioned?
Banks/ Financial institutions sanction loan amount based on certain criteria depending upon your repayment capacity. (Which taken into account your age, qualification, assets, liabilities, stability of occupation, saving History) and according to your income. You can include income of your loan. The maximum that can be sanctioned varies with Housing finance companies. Generally the maximum loan amount is 80% – 85% of the cost of your home.
