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Home buyers can now get more loan for property up to Rs 30 lakh

Earlier, the facility was available only in cases where the cost was up to Rs 20 lakh

Press Trust of India  |  Mumbai 

ICICI Bank launches mortgage guarantee-backed home loan

can now provide home up to 90% for properties that cost Rs 30 lakh or below, said today.

Earlier, the facility was available only in cases where the cost was up to Rs 20 lakh.



This will benefit those home seekers who plan to buy properties in the range of Rs 20-30 lakh.

The RBI's decision comes in the wake of all major reducing on home

The Reserve Bank, through a circular, said that in the case of 'individual housing loans' falling under the loan category of up to Rs 30 lakh, the LTV (Loan to Value) ratio is now up to 90%.

For properties above Rs 30 lakh and up to Rs 75 lakh, the LTV is up to 80% and those above Rs 75 lakh, the ratio comes in at 75%.

It has also modified the provisioning or risk-weights norms for home

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Home buyers can now get more loan for property up to Rs 30 lakh

Earlier, the facility was available only in cases where the cost was up to Rs 20 lakh

Earlier, the facility was available only in cases where the cost was up to Rs 20 lakh can now provide home up to 90% for properties that cost Rs 30 lakh or below, said today.

Earlier, the facility was available only in cases where the cost was up to Rs 20 lakh.

This will benefit those home seekers who plan to buy properties in the range of Rs 20-30 lakh.

The RBI's decision comes in the wake of all major reducing on home

The Reserve Bank, through a circular, said that in the case of 'individual housing loans' falling under the loan category of up to Rs 30 lakh, the LTV (Loan to Value) ratio is now up to 90%.

For properties above Rs 30 lakh and up to Rs 75 lakh, the LTV is up to 80% and those above Rs 75 lakh, the ratio comes in at 75%.

It has also modified the provisioning or risk-weights norms for home
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Business Standard
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Home buyers can now get more loan for property up to Rs 30 lakh

Earlier, the facility was available only in cases where the cost was up to Rs 20 lakh

can now provide home up to 90% for properties that cost Rs 30 lakh or below, said today.

Earlier, the facility was available only in cases where the cost was up to Rs 20 lakh.

This will benefit those home seekers who plan to buy properties in the range of Rs 20-30 lakh.

The RBI's decision comes in the wake of all major reducing on home

The Reserve Bank, through a circular, said that in the case of 'individual housing loans' falling under the loan category of up to Rs 30 lakh, the LTV (Loan to Value) ratio is now up to 90%.

For properties above Rs 30 lakh and up to Rs 75 lakh, the LTV is up to 80% and those above Rs 75 lakh, the ratio comes in at 75%.

It has also modified the provisioning or risk-weights norms for home

image
Business Standard
177 22