how much down payment is required to book a new home

Hey there, future homeowners! So, you've found the perfect home sweet home and are ready to take the plunge into homeownership. But hold your horses! Before you start envisioning yourself sipping coffee on the porch of your dream house, let's talk about one crucial aspect: the down payment.

Ah, the down payment – that initial chunk of change you need to secure your dream home. But how much do you really need to cough up? Let's break it down for you.

Usual Criteria:

First things first, let's talk about the usual down payment criteria. It typically varies based on the value of the property you're eyeing. Here's a rough estimate:

Property Worth 30 Lakhs or Below: Approximately 10% down payment.

Property Worth Above 30 Lakhs up to 75 Lakhs: About 20% down payment.

So, for instance, if you've se...