Can I Get 90 Percent Home Loan?

A 90% home loan means the lender funds up to 90% of the property value, and you must pay the remaining 10% as a down payment. So, can I get 90 percent home loan? This arrangement can be appealing if you lack full upfront capital, especially for first-time buyers or under-construction property purchases. However, for this the applicants must meet specific eligibility criteria.

Can We Get 90 Percent Home Loan?

However, RBI’s Loan‑to‑Value (LTV) norms set limits: 

1. For properties priced up to Rs. 30 lakh, lenders may finance up to 90%

2. For values between Rs. 30 lakh and Rs. 75 lakh, the limit drops to 80%

3. And beyond Rs. 75 lakh, the maximum financing is 75% of the property value.

Eligibility factors to secure a 90% loan include:

1. A high credit score (typically 725 or above)

2. Stable income and employment history

3. Low existing debt obligations so EMIs remain manageable

4. Property valuation aligned with lender’s assessment.

5. Borrowers should also be mindful of additional conditions lenders often impose at higher LTV ratios:

6. Higher interest rates may apply.

7. Requirement of home loan insurance to mitigate lender’s risk.

8. Rigid repayment capacity checks to ensure EMIs remain within debt-to-income (DTI) limits.

The banks or NBFCs like HDFC, SBI, Bajaj Finance, LIC Housing Finance, L&T Housing Finance can offer up to 90% financing, particularly for agreements up to Rs. 30 lakh but beyond that, lenders typically cap at 80 to 85%, unless interior or renovation financing is included.

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Purchasing a home has long been considered a significant milestone and a sign of accomplishment. It\'s perhaps the largest purchase a person will ever make. Hence, most prospective homebuyers think, can I get 90 percent home loan? In India, you can get up to 90% of the property’s value as a home loan. However, this depends on factors such as the loan amount, property type, and your eligibility.

Can I Get 90 Percent Home Loan Finance?

The Reserve Bank of India (RBI) mandates the maximum loan-to-value ratio for home loans:

1. For loans up to Rs.30 lakh: Maximum LTV is 90%.

2. For loans between Rs.30 lakhs and 75 lakhs: Maximum LTV is 80%.

3. For loans above Rs.75 lakh: Maximum LTV is 75%.

The borrower must pay the remaining amount as a down payment. To secure a 90% home loan, you must have a steady income and a high credit score (750 or above). The lender’s valuation of the property plays a critical role.

Opting for a longer tenure can reduce EMI, but increases overall interest costs. I hope you found this helpful.

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Which Bank Gives 90 Percent Home Loan in India

Last year, to buy a 3 BHK, I planned to avail of a home loan. I have been wondering for a long time, “Can I get 90 percent home loan?” To clarify it, I visited my SBI bank branch and asked an official about it. After much discussion, I learned that a 90% home loan can be obtained for a certain amount. Let me share the details here.

Can You Get Home Loan 90 Percent of Property Value?

You can avail of a home loan up to 90 percent if the property value falls below Rs 30 lakh. This means that in such a case, you will need to make 10% of the total amount as a down payment. Do remember that 90 percent home loan finance will also depend on your credit score, eligibility, and other factors. You must visit your bank and clarify it.

How much Loan can I Avail for a Property between Rs 30 Lakhs and Rs. 75 Lakhs?

If your property ranges from Rs 30 lakh to Rs 75 lakh, you can get a home loan up to 80% of the property value and make a down payment of 20%. In case the property value is above 75 lakhs, you can avail of a home loan of up to 75% and make a down payment of 25%.

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Hey Pal,

In a move that is likely to increase the amount of credit available to borrowers and boost confidence in a troubled real estate market, the Reserve Bank of India (RBI) raised the amount banks can advance for the purchase of real estate and also decreased the so-called risk weights attached to some categories of home loans. I use to wonder can I get 90 percent home loan in India? I got to know from the latest news that for residential loans of at least 30 lakh, the RBI permitted a loan-to-value ratio (LTV) of up to 90% in an announcement. 90% LTV was previously restricted to loans up to 20 lakh.

According to this, if the LTV ratio is 90%, you will need to pay at least 10% of the property's value out of your own pocket, with the remaining 90% being covered by a mortgage loan. LTV ratio is required to determine the minimum down payment required for buying a house or other property.

If the LTV ratio is lower, your loan eligibility will be greater. If the LTV ratio is low, your chances of obtaining a house loan with better terms, including the interest rate, will also be improved. When you apply for a home loan, your lender will let you know the LTV ratio, and if it is on the lower side, you can bargain with the lender to get better terms—lower interest rates, a longer payback period, etc. Since there is less risk involved in lending to you, lower LTV ratios may result in lower interest rates on your home loan.

I would like to conclude here as I think this answers your query, can I get 90 percent home loan in India? I hope this helps:)

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