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Bank Loan For DDA Housing Scheme 2017-18

Compare the Bank loan of different bank for DDA Housing Scheme. Delhi development authority (DDA) is all set to release the scheme of their 13,000+ housing flats within Delhi. These flats are categorized in various income groups like Higher Income Group, Middle Income Group, Lower Income Group along with Janta flats. These flats are located at various part of Delhi. ...

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How To Calculate Loan Installment to Income Ratio (IIR) ?

iir

Installment to Income Ratio  is used to calculate the loan eligibility of the customer. This IIR  denotes the portion of the customer’s monthly installment on the Home Loan or any other loan taken. As a rule of thumb, the banks use 33.33 % to 40 % ratio. For Example: IIR is 40% Gross Income is Rs. 60,000/- per month As per ...

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How To Calculate Loan to Value ratio LTV / LCR ?

Calculate Loan to Value ratio (LTV). LCR stands for the Loan to Cost ratio. LTV ratio used by banks  to calculate the loan amount that a person is eligible for on the total cost of the property. There is a upper limit on the maximum loan amount that a person is eligible for for the purpose of loan irrespective of the ...

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How To Calculate Fixed Obligation to Income Ratio (FOIR) in Loans ?

FOIR

Fixed Obligation to Income Ratio is an important parameter in Loan calculation while maintaining Rating Chart.  Procedure for FOIR Calculation : In FOIR calculation, the Bank takes into account the installments of all other loans previously availed of by the customer, including the home loan applied for. FOIR ratio includes all the fixed obligations that the customer is supposed to ...

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