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Detailed Querry Answer Querry Hi All, The flat which i have chosen is 1400 sqfeet including the common area of 18%. however the approved plan is to build is only 850 Sq.feet. Will this be considered with in the deviation level of nationalised banks or any financial institutions   Khaja   khaja.nawas@gmail.com Answer If any thing is constructed above the plan then all the constructed area will fall under the deviation levels. Banks do consider it and take decision on funding for the flat. If it is regularised then banks do fund for the property normally. The maximum deviation levels that Banks/FI are accepting is 30% of the original sanctioned area which varies from bank to bank.For more information on devaitions you can read our articles.               EMI Calculator Loan Amount (INR)     Interest Rate (%)     Period in Years     Banks and Interest Rates Bank Rate of Interest ICICI Upto 30 Lacs 8.75% 30 - 50 Lacs 9% Above 50 Lacs 9.50%. Bank of Baroda Base Rate 8% Below 30 Lacs 9.00% Above 30 Lacs 9.75%. AXIS Upto 30 lacs 8.75% Above 30 lacs 9.25% Fixed 14%( Irrespective of loan type and amount) SBI Base Rate 7.50% Upto 50 Lacs 8% for First Year 2nd & 3rd Year 9% Above 3 Year 1.75% above Base Rate. Andhra Bank Base Rate 8.25% Upto 20 Lacs 9.75% Above 20 lacs 10.50% 1 2 3 4 5

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