l have applied for the Housing loan the property costs Rs26 lacs,bank has approved only 20lacs,how to get remaining loan amount?Pls advice me

You have to put the remaining money down. If you do not have the balance, you can not get the home! You can not take out a loan for a down payment on a home. The only other way would be for a family member to give you that money.

So if l understand this correctly, you are doing business in India? Usually in terms of what the bank will or will not loan is based upon credit worthiness versus value of the desired property. This is risk management. To get a bank to increase their loan value to property value, (Loan to Value ratio) is very difficult. You will most likely need to reduce your risk element in order to obtain more credit.

Sounds like you misunderstood the loan terms.
The property costs 26, but you are supposed to put money as a down payment.
You are going to have to make a secondary loan.

hey dude.do not be content with one bank...chk some other banks too.....tell them how much other banks are offering and the amount you need....perhaps the present credit situation is bit low everywhere ...due to credit crises ..soo if you can wait for a month or soo.....you would definitely get thru ...good luck

There r some banks that arrange the entire home amount via loans. They will disburse a 85% of the home value via housing loan & then another 10% via personal loan. all u gotta do is put up 5% of the home value.

Check with all banks & explain them that u need 26 lacs. if u got source of income then l dont see any issues in the bank granting u a loan for that amount :)

REg. the options:
1. You can pledge the gold jewellery in ur house in banks & get cash against it. You can keep paying interest for some months & then redeem the gold when u please
2. If u have any fixed deposits in bank u can close them
3. If u have any insurance policies, u can ask for a loan against the policy.
4. If u have been a member of the Indian Provident fund account for more than 5 years or so u can check out the options of partial withdrawal of ur corpus
5. u can check out cash availability with close friends & take loans from them.

all the best.

The capacity to pay the EMI, the age of the borrower, the Net Monthly Income, its prospects of continuity and Value of the property have direct bearing on the quantum of the loan to be financed.

Please add the name of your blood relation as the co-borrower and / or guarantor so that his income may also be included for the above criteria and the amount of the loan may be enhanced.

Try it.