INTERVIEW QUESTIONS LOAN HOME LOAN DETAILS

Question: Who decides the maximum LTV for home loan? The bank or RBI?

Answer: Banks decide the maximum LTV they will offer to a loan applicant as per the RBI guidelines. As the current RBI guidelines for LTV on home loans, the LTV ceilings are divided as per the quantum of home loan sought. If the cost of the property is between 0 to Rs. 30 Lakhs the maximum stipulated LTV is 90%, the LTV for property prices between Rs. 30 Lakhs to Rs. 75 Lakhs is 80% and for property prices higher than Rs. 75 Lakhs you can get a maximum LTV of 75%.

Banks decide the maximum LTV they will offer to a loan applicant as per the RBI guidelines. As the current RBI guidelines for LTV on home loans, the LTV ceilings are divided as per the quantum of home loan sought. If the cost of the property is between 0 to Rs. 30 Lakhs the maximum stipulated LTV is 90%, the LTV for property prices between Rs. 30 Lakhs to Rs. 75 Lakhs is 80% and for property prices higher than Rs. 75 Lakhs you can get a maximum LTV of 75%. Source: CoolInterview.com

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