Last I checked, government loan is calculated at a flat of 4%. The maximum tenure is a little shorter than commercial loan however, at about 25 to 30 years, you have to confirm this ya.

The disbursement (when you are buying the house) AND redemption (when you are selling the house) is super slow for government loans, of up to 1 year. As such you may find it problematic when doing any transactions involving a property with government loans. But please don't quote me on that, this is what I hear from my clients who wanted to sell or refinance their properties encumbered to government loan, with a commercial loan.

Please confirm, but if I am not mistaken, the government loan, when used to calculate your loan eligibility, will disregard your allowances and focus only on the basic salary.

This post has been edited by wild_card_my: Jul 1 2015, 01:43 PM