How much housing loan can i get from bank?
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Banks only fund 75% to 90% of the total cost of the house. The maximum loan to value of the property or LTV specified by the RBI is as below: 90% LTV for loans upto ₹ 30 Lakh for buying affordable segment homes.
The maximum loan to value of the property or LTV specified by the RBI is 90% LTV for loans upto ₹ 30 Lakh for buying affordable segment homes; 80% LTV for loans above ₹ 30 Lakh and upto ₹ 75 Lakh and 75% LTV for loans above ₹ 75 Lakh. CIBIL Score : Generally, banks require a CIBIL score of 650 and above.
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How much housing loan can I get? Among the factors determining the amount of the housing loan you are eligible for are your income, expenses and savings, the general interest rate level and the location of the home.
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