Buying a home is often one of the most expensive endeavors one will take throughout their life, so it’s not surprising that saving for a down payment remains a major hurdle for many home-buyers on their path to homeownership. But although a 20 percent down payment is considered ideal, it’s not actually as common as you might think, nor is it a necessity to buying a home.

Typically, you have to put between 20 percent of your property price as down-payment to qualify for a Home loan, but there are exceptions.

If you meet eligibility guidelines, you might qualify for a home loan with a Down Payment as low as 1% under Subvention schemes for approved projects as well as opt for Parallel Funding for under-construction projects or you can also be eligible for only 10% down-payment for low cost properties.