How banks assess a house
A home loan depends on two things: you and the property. Your income, credit score and existing loans decide how much you can borrow. The property must pass the bank's legal check (title, EC, approvals) and technical check (valuation, construction, approvals vs what was built).
For larger loans, banks typically lend up to 75–80% of the property value; you fund the rest plus stamp duty and registration charges.
Common reasons for rejection
Most rejections come from the property, not the buyer.
| Issue | Fix |
|---|---|
| Unapproved layout | Regularisation order before purchase |
| Floors not in approved plan | Regularise or lower the loan request |
| Broken title chain | Rectification deed or court order |
| Patta not in seller's name | Complete mutation before sale |
Tips
Get in-principle loan approval before you pay an advance, and give the bank the full document set early. Ask for the bank's legal opinion before registration.
In Tamil Nadu the buyer typically pays 7% stamp duty plus a 2% registration fee, calculated on the guideline value or the sale price, whichever is higher. Rates are revised by government notification, so confirm the current figures on TNREGINET before you budget.
Find the right house with us
Share your budget, preferred areas, size and move-in timeline for a home-loan-ready house, and we will shortlist verified options, arrange visits and check the documents before you pay any advance. Call +91 95974 74888 (Mr. Shanmugam) or WhatsApp +91 80564 73519 (Aswath).
Common questions
Can I get a home loan for a house in a regularised layout?
Yes, most banks lend on plots with a valid regularisation order.
Can NRIs get a home loan for a house in Coimbatore?
Yes, Indian banks offer NRI home loans for residential property, repaid from NRE/NRO accounts.