INTERVIEW QUESTIONS LOAN HOME LOAN DETAILS

Question: I have a slightly lower credit score. I need to opt for a home loan. Does reducing my LTV increase my loan chances?

Answer: When you have a low credit score, banks will generally offer you a lower quantum of loan compared to someone with a healthy credit score. So for example if you are looking for a home loan, someone with a credit score of 750 plus may get up 80-90% LTV, while you may at best get only 60-65% LTV for the loan.

When you have a low credit score, banks will generally offer you a lower quantum of loan compared to someone with a healthy credit score. So for example if you are looking for a home loan, someone with a credit score of 750 plus may get up 80-90% LTV, while you may at best get only 60-65% LTV for the loan. Source: CoolInterview.com

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