Over
the last 5 years, housing loans have grown relatively slowly for banks with the
previous home loan cycle - over 2003-08
- turning bad for some banks.
A
report by India Ratings & Research found that residential mortgage
borrowers whose repayments exceed 50 % of their income are almost 35 % more
delinquent than the average borrower.
Those
who contribute over 40% down payment while buying a house default less than
those with a higher loan-to-value
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