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‘Home loans to get cheaper’

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The resolution of the Reserve Bank of India to rationalise danger weightage on housing loans would play a big position in boosting demand for the housing sector, mentioned builders and lenders.

Such loans shall entice a danger weight of 35% the place the loan-to-value (LTV) ratio is lower than or equal to 80%, and a danger weight of 50% the place LTV is greater than 80% however lower than or equal to 90%, the RBI mentioned in its coverage assertion.

Kamal Khetan, CMD, Sunteck Realty, mentioned tweaks to danger weight norms would “help lenders on the capital adequacy front and enable them to provide more loans.”

“RBI… should also announce steps that are crucial for the sector’s survival and then introduce measures that will aid the sector’s revival,” Satish Magar, President, Credai National.

He mentioned the extension of the moratorium and making all accounts that have been SMA 1 or SMA 2 as on March 1, 2020 eligible for restructuring have been amongst Credai’s calls for to mitigate COVID-related stress on companies and which the Centre ought to contemplate to assist present help to the distressed sector.

He mentioned the transfer to lengthen the co-lending scheme to NBFCs and housing finance firms (HFCs) could infuse extra liquidity; nonetheless, strict due diligence norms and eligibility standards is not going to profit the realty sector.

Hardayal Prasad, MD & CEO, PNB Housing Finance, mentioned, “The extension of the co-lending model will help expand leverage capacities of HFCs and unlock value for us. The announcement on risk weights shall give much-needed impetus for the housing sector.”



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