Mathematics · Loan Valuation and Assessment
A borrower provides a residential property as collateral for a loan. The property has a market value of ₹1.50 crore. The bank's approved valuer applies a 10 percent distress sale discount. The bank’s internal policy mandates a Loan-to-Value (LTV) ratio of 75 percent on the realizable value. Additionally, the property has an outstanding property tax due of ₹5 lakh and a prior statutory charge of ₹2 lakh. Calculate the maximum loan amount the bank can sanction.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹1,06,50,000
- 2₹1,12,50,000
- 3₹96,00,000✓
- 4₹1,01,25,000
Correct answer
₹96,00,000
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