Question

A borrower applies for ₹72 lakh housing loan for a property valued at ₹90 lakh. He argues that since LTV is below 80%, full loan can be sanctioned. The bank must apply RBI LTV norms correctly. What is the correct maximum LTV?

A 90%
B 85%
C 80%
D 75%
E No cap above ₹50 lakh
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