The interest rate on home loan will be reduced soon, the RBI made rules related to the loan and made it easy

home My Profit Home The interest rate on the home loan will be reduced soon, the Reserve Bank created the rules related to the loan and made it easy The interest rate on home loan will be reduced soon, the RBI made rules related to the loan and made it easyIn order to encourage the housing sector, the Reserve Bank of India (RBI) has made the capital requirement easier for banks issuing home loans.


The interest rate on home loan will be reduced soon, the RBI made rules related to the loan and made it easy


Mumbai. In order to encourage the housing sector, the Reserve Bank of India (RBI) has made the capital requirement easier for banks issuing home loans. RBI has reduced the risk weightage on individual home loans, which will come into force with immediate effect. With lower risk weightages, banks will now have to provide less capital for this and this will further increase the capacity of the borrower.


According to the RBI notification, the home loan, loan-to-value (LTV) ratio of more than 30 lakh but less than Rs 75 lakh has been reduced to 80 percent, but the risk weightage has been reduced to 35 percent. LTV ratio is the maximum amount of loan, which can be issued against the total value of the property. Read also: In case of need of money, instead of personal loan, you can take this route, not give much interest

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