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Useful articles for your finance management by our team of experts

You might soon get home loan worth 90% of property value

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National housing bank (NHB) is believed to be considering a proposal which allows lenders to lend up to 90% of the property value as home loan. This would be applicable for loans worth over Rs. 20 lakhs.

Currently, banks lend maximum of up to 80% of the property value. Increase in LTV can be a good move as it will reduce the down payment burden for the home loan buyers who used to contribute at least 20% of the property value till now.

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