The Short Answer — and Why It's Not Actually Simple
Banks in India typically finance up to 75–90% of a property's value through a home loan, depending on the loan amount slab, which means buyers generally need to arrange 10–25% of the property value themselves — but that percentage alone doesn't tell the full story, especially for a luxury purchase where the "property value" banks use for loan calculations may differ from the price you're actually paying.
Loan-to-Value Ratios, Explained Simply
The Reserve Bank of India sets loan-to-value (LTV) ceilings that scale down as the property value goes up — smaller-ticket properties can get financed closer to 90%, while higher-value properties, which is the bracket most luxury 3+1 and 4 BHK purchases fall into, typically see LTV capped around 75%. Update soon — RBI LTV slabs with your lender before budgeting — these are periodically revised
What "Down Payment" Actually Needs to Cover
Buyers often budget only for the gap between the loan amount and the sale price, and get caught off guard by everything else that isn't financed by the home loan:
- Stamp duty and registration charges (paid separately, not usually financed)
- GST on under-construction property (where applicable)
- Interior and fit-out costs beyond the bare-shell handover
- Maintenance deposit and any club membership fee
- Legal and documentation charges
A Practical Way to Plan
Rather than thinking in terms of a single "down payment %," it's more useful to build a full cost sheet: base unit price, plus statutory charges, plus the shortfall between what your bank will sanction and the price, plus a buffer for interiors. For a luxury dual-core flat like the 3+1/4 BHK format at Gillco Meraqui, buyers should budget this full picture rather than anchoring only on the booking amount required to hold the unit.
How Payment Plans Affect Your Cash Flow
On construction-linked plans, your own contribution is spread across milestones rather than paid entirely upfront — which changes how much cash you need ready on day one versus over the following months or years until possession.
