Need Guidance for Home Loan & F&F

[joseb76]

I am looking to buy a property , seller asking 50L. He told me that registry would be around 25L and rest would be F&F ( furniture and fixtures ). So basically 25L would be home loan rest would be F&F. I would need to pay this F&F seller in black. He says this is norm.

I am just confused about F&F interest rates ? Would it be considered as separate loan and is this interest flexible or fixed? So when repo rate decrease would this F&F loan interest will decrease or not? Please provide suggestions. Thanks.

 

[resjudicata]

@joseb76 It’s not a norm.

And home loan would pay for the amount beyond registered value as well. Seller just wants to avoid capital gains tax.

If you have the ability or means to have this much cash, then go for it.

 

[joseb76]

@resjudicata Dont have much cash as now, thats why this FnF option was presented. Should i go with this? Do you know about this FnF loan , interest etc.?