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No, Home Loan without down payment is not possible in India. Most lenders require 10-20% of the home’s purchase price as a down payment from you. It is also called ‘one’s own contribution’ by some lenders. The rest, which is 80-90% of the property value, is financed by the lender. The total financed amount also includes registration, transfer and stamp duty charges.
Even though the lender calculates a higher eligible amount, it is not necessary to borrow that amount. Even a lesser amount can be borrowed. One should try to arrange the maximum of down payment amount and less of home loan so that the interest cost is kept at minimal.