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Housing Loans: Review of Instructions

FEMA - DBR.BP.BC.No.74/08.12.015/2014-15 - Dated:- 5-3-2015 - RBI/2014-15/491 DBR.BP.BC.No.74/08.12.015/2014-15 March 5, 2015 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, A. Inclusion of stamp duty and other charges in LTV ratio Please r .....

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harges 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 burden on the borrowers from economically weake .....

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amp duty, registration and other documentation charges to the cost of the house/dwelling unit for the purpose of calculating LTV ratio. B. Construction linked disbursal of housing loan 3. Please refer to our circular DBOD.BP.BC.No.51/08.12.015/2013-1 .....

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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 .....

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