What is LTV???

LTV means Loan to Vallue: LTV is a percentage of property value, which amount can be given to customer against his property value by any financial organization, in case of mortgage loan (loan against property) there are 

1. Maximum 70% at residential self occupied(SORP) property, 

2. Maximum 60% at self occupied commercial property(SOCP), and 

3. Maximum 50% industrial property.

Note: All above details are based on basic information collected from market... It may differ to any organization subject to their comfort. 

What is Mortgage Loan?

What is mortgage loan? Or What is loan against property?

A mortgage loan is a loan in which property is used as security by lender. The borrower enters into an agreement with the lender (Bank Or NBFC) wherein the borrower receives money then makes pay his EMI (Equated Monthly Installment- a fixed amount of money per month) until he pays back the lender in full.

Some important terms:

Emi -Equated monthly installment 

Tenor -Total number of emi against the loan repayment. 

PF: Processing fees.

ROI: Rate of interest. 

LTV: Loan to Vallue. 

FOIR: Fixed Obligation Income Ratio.