Housing Loans: Review of Instructions

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....dated February 3, 2012 on 'Housing Loans by Commercial Banks - Loan to Value (LTV) Ratio' whereby banks were advised that they should not include stamp duty, registration and other documentation charges in the cost of housing property so that the effectiveness of LTV ratio is not diluted. 2. It has been brought to our notice that these amounts form around 15% of the cost of the house and place a ....

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.... of construction of the housing project/houses and upfront disbursal should not be made in cases of incomplete/under-construction/green field housing projects. 4. In context of the above stipulation, some banks have represented that they are not able to extend home loans to the allottees in the project developed by Government Bodies/ Statutory Housing Authorities, as the payment schedule prescrib....