91-9711165183
July 15, 2016
Mumbai: Banks can now provide Home Loans up to 90 per cent for properties that cost Rs 30 lakh or below, the Reserve Bank of India (RBI) said on Thursday. 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 banks reducing interest rate on Home Loans.
The Reserve Bank of India said in a circular that in case of ‘individual housing loans’ falling under the category of up to Rs 30 lakh, the LTV (loan to value) ratio is now up to 90 per cent.
Home Loan, Home Loan interest Rates, Home Loan Rates, Home Loan Pre approval, Home Interest Rates, House Loans, Home Mortgage Loans, Mortgage Loan, Mortgage Interest Rates, Mortgage Preapproval, Mortgage Loan Rates, Apply for Home Loan, Apply for Mortgage Loan, Apply for Mortgage, Home Loan Online, Apply for Home Loan Online, Apply for Home Loan Pre Approval, Home pre Approval Online, Online Home Loan Application, Online Home Loan Approval, Apply for Mortgage Loan Online, Apply for House Loan Online, Instant Home Loan, Instant Pre Approval Home Loan, Home Loan Instant Approval, Online Home Pre Approval.
