OTHER GROUP COMPANIES
market

NHB seeks to allow LTV ratio of 90% to home loan borrowers

LTV ratio at 90% means a home loan borrower can avail a loan of Rs 90 lakh against a property value of Rs 1 crore

April 03, 2014 11:34 IST | India Infoline News Service
The National Housing Bank is considering a proposal that seeks to allow lenders to give up to 90% of the property value as home loan, according to a media report.

The proposal is for above Rs 20 lakh loans that carry mortgage guarantee cover, the report added.

The NHB is examining the proposal to increase LTV (loan-to-value) ratio for loans that carry mortgage guarantee cover from companies registered with the RBI.

LTV ratio at 90% means a home loan borrower can avail a loan of Rs 90 lakh against a property value of Rs 1 crore.

At present, banks offer maximum 80% of the property value as home loan.


OPEN A DEMAT ACCOUNT & Get
FREE Benefits Worth 5,000

FEATURED ARTICLE

BLOGS

Open Demat Account

  • 0

    Per Order for ETF & Mutual Funds Brokerage

  • 20

    Per Order for Delivery, Intraday, F&O, Currency & Commodity