Housing and Home Loans in India: Checkpoint 1

Quick checkpoint - five questions on home loans, lenders, eligibility, affordable housing and under-construction homes.

Question 1 of 5 What is the RBI's maximum loan-to-value for home loans up to 30 lakh rupees?

50 percent 75 percent 90 percent 100 percent

Larger loans have lower caps of 80 and 75 percent.

Question 2 of 5 Which borrowers do housing finance companies often serve?

Only large corporations Self-employed and lower-income borrowers banks may consider riskier Only NRIs Governments

HFCs specialise in housing and serve customers banks may avoid.

Question 3 of 5 What does FOIR measure?

Property size Total EMIs as a share of income Interest rate Down payment

Lenders often cap FOIR around 50 to 60 percent.

Question 4 of 5 What did the Credit Linked Subsidy Scheme provide?

Free houses Interest subsidies on home loans for eligible groups Tax-free rent Lower stamp duty

CLSS was part of PMAY-Urban from 2015.

Question 5 of 5 Which homes attract GST?

Ready-to-move homes with completion certificates Under-construction homes All homes No homes

Under-construction homes attract 5 percent, or 1 percent for affordable homes.

We believe knowledge should be open to everyone, not limited by barriers.

Welcome to EconReads

This site is made for visually impaired learners, so our read-aloud reader is already switched on to help you explore hands-free.

You're in control - turn it off any time using the Reader button at the top of the page.

यह साइट दृष्टिबाधित शिक्षार्थियों के लिए बनाई गई है, इसलिए हमारा ज़ोर से पढ़ने वाला रीडर आपको बिना हाथ लगाए घूमने में मदद के लिए पहले से चालू है।

नियंत्रण आपके हाथ में है - पेज के ऊपर मौजूद रीडर बटन से इसे कभी भी बंद करें।

Don't show this message again

EconReader Reading speed Ready