Everything To Know About LTV Ratio
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The loan-to-value (LTV) ratio depends on the measure of home loan sought and decides the greatest sum that can be authorized to a property purchaser. We clarify how this is determined LTV is a proportion of the measure of loan that can be given to the absolute estimation of the property. The LTV can extend from 75 percent to even 90 percent of the property estimation and furthermore relies upon the borrower's association with the moneylender and the plan benefited. A higher LTV suggests a more noteworthy loan sum and in this way, lesser up front installment that you have to orchestrate out of your pocket. Be that as it may, it likewise implies a higher EMI. A lower LTV implies that you need to mastermind a bigger total to be paid as up front installment. The LTV roof relies upon the quantum of loan looked for and is partitioned into chunks. The RBI has permitted up to 90 percent LTV, if the credit is up to Rs 30 lakhs. The LTV for loans between Rs 30 lakhs and Rs 7...