📝 One-liners · 66 cards
HOUSING FINANCE & TAX PLANNING & MORTGAGE ADVICE
What is the maximum loan-to-value (LTV) ratio permitted by RBI for home loans above Rs. 75 lakh?
RBI mandates a maximum LTV of 75% for home loans above Rs. 75 lakh, meaning the borrower must contribute at least 25% as down payment.
What is the maximum LTV ratio for home loans between Rs. 30 lakh and Rs. 75 lakh as per RBI guidelines?
LTV ratio can be up to 80 percent for this range.
Under Section 24(b) of the Income Tax Act, what is the maximum deduction allowed on interest paid on a home loan for a self-occupied property?
A deduction of up to Rs. 2 lakh per annum is allowed on interest paid on a housing loan for a self-occupied property under Section 24(b).
What is a 'moratorium period' in the context of a housing loan?
Period during which no EMI repayment is required by the borrower.
🔒
Unlock 66 revision one-liners
Interactive flashcard deck — flip every card to drill questions and answers, mark the ones you got wrong, and revise smarter for HOUSING FINANCE & TAX PLANNING & MORTGAGE ADVICE.
🪙
Unlock cost
300 coins
30-day access · re-unlocks free for 30 days