Glossary
Own Contribution (Margin Money)
What it means
Because lenders cap LTV, buyers must fund the balance themselves. On a ₹1 crore home with 75% LTV, the own contribution is ₹25 lakh plus stamp duty, registration and other costs that lenders do not finance.
Lenders verify own contribution through bank statements and receipts. Borrowing it from another lender or using undisclosed sources creates problems at disbursal.
Where it applies
Home Loan
Home loans from ₹5 lakh to ₹10 crore at floating rates from about 7.35% p.a., with up to 90% funding and tenures up to 30 years, across banks and housing finance companies.
- Rate from
- 7.35% p.a.
- Up to
- ₹10 Cr
Car Loan
New car loans covering up to 100% of on-road price at rates from about 8.5% p.a., with tenures up to 7 years, across banks and captive finance companies.
- Rate from
- 8.50% p.a.
- Up to
- ₹2 Cr
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