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Apply OnlineEase the load: Lower down payment for higher Loan-to-Value (LTV)

- Home Loans Guide
- Apr 15, 2016
- VIEWS: 2749
One of the major hiccups new home buyers experience is the lack of funds to form a sufficient down payment on their dream home. However, this may no longer be the case if the Reserve Bank of India’s latest plan,to allow home loan providers the option to breach its loan-to-value ceiling, is carried forward. The RBI’s planallows this flexibility to home loan providers if the borrower is able to back up the loan with a mortgage. If this is put into effect, lenders will be able to provide loans of higher amounts against a property.
This will mean that the home buyer would need to put down a much lower down payment at the time of availing credit. This, in turnwill also lead to a higher loan off-take and also a boost in the Indian real estate market. Currently, the RBI has three categories for their LTV ceilings. Property of up to 30 lakhs has a ceiling of 90%, property between 30 lakhs and 75 lakhs has an LTV ceiling of 80% and any property above 75 lakhs has a ceiling of 75%.
A mortgage guarantee would mean that if the loan becomes a non-performing asset, the India Mortgage Guarantee Corporation (IMGC) steps in and provides 10%-35% cover for the entire loan. A mortgage guarantee will result in home loan lenders achieving a higher degree of business as they are able to provide larger loan amounts for their customers, thereby aiding mortgage penetration across the country.
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- Down Payments 101: Everything you need to know!
The post Ease the load: Lower down payment for higher Loan-to-Value (LTV) appeared first on Indiabulls home loans.

Top up home loan vs personal loan a comparison to determine the better choice for loans
Taking on a loan of any kind is a financial responsibility. It is a debt that needs to be repaid, in full, based on the tenure chosen by the borrower. Most banks, housing finance companies and non-banking finance companies offer a myriad of loans to finance the different needs of customers.
- Home Loans Guide
- Jul 23, 2019
- VIEWS: 8335

MCLR in Home Loan
The interest rate is one of the most important components of a loan, especially in the case of a high-value loan that lasts for 2 decades or more; the home loan.
- Home Loans Guide
- May 24, 2019
- VIEWS: 6065

Types of Home Loan Charges
Most people fulfil their wish of becoming homeowners by taking out a home loan. It is the easiest way to afford a property as one can pay for the house in monthly instalments.
- Home Loans Guide
- May 24, 2019
- VIEWS: 6911
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