Home Loans upto Rs 30 lakh may get cheaper. Risk Weightage is the capital which is kept aside by banks. Bank has to lower its Risk Weight on such loans to 50%.
Risk Weight has also been reduced to 75% for Home Loans above Rs 30 lakh.
But the borrower's loan amount should not exceed 75% of the value of the property. If the loan amount for the property is above 75% of the value of the property then the Risk Weihtage will remain unchanged at 100%.
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