04 Jul Everything you planned to learn about mortgage-to-really worth proportion
A week ago, given that Financial Rules Panel remaining the insurance policy rates unchanged, new RBI brought about other extreme changes to aid borrowers having a lot more liquidity. One such circulate is actually the rise in the permissible loan-to-really worth (LTV) ratio for money approved of the banks up against the promise from gold ornaments and you can jewellery for low-agricultural intentions, to help you 90 %. The rise only be accessible getting funds approved as much as . To own silver financing approved to the otherwise after , the fresh erstwhile LTV restrict out of 75 % is appropriate.