Can my home loan include cost of initial furnishing?
Ans.: No, the cost of initial furnishing does not get included in the cost of the property. However, if the initial furnishing is done by the builder, for which you have signed an amenities agreement that is duly stamped and registered, then such value will be included in the cost of the property. • Am I assured that my property documents are clear if an HFI agrees to give a loan? Ans.: Yes, be assured of a legally and technically clear property if an HFI decides to give you a disbursement against the loan on your property. The HFI also ensures that the construction has been completed within the norms stipulated by the governing authority. In most cases of resale, you can be sure that your property is clear if the HFI decides to give you a loan. However, if the HFI is not convinced that your property is clear, it insists on some other security as mortgage over and above the current property being financed. In under construction cases, the property will be clear at the time of final dis
