NHB made home loan borrowing easier
By Joseph Samson
Oct 20, 2014
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National Housing bank has planned to offer a special diwali gift to the new home loan customers. It is being informed that retail home borrowers can now get the loan from housing finance companies by paying lower amounts as their initial contribution.

National Housing bank has asked the Housing finance companies to to provide housing loans above Rs 20 lakh with a loan-to-value (LTV) ratio of up to 90 per cent if such loans are supported by a mortgage guarantee.

After this measure the housing finance companies will offer the loan at the lower rates. In result this would increase the retail housing loan in the market.

The borrowers will now be happier to know that in case they want to loan of Rs 20 lakh and above, they will be required to pay 10% of the total loan upfront and the remaining will be financed by the Housing finance company

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