Banking · Home Loan Appraisal
Which principle is paramount for the lender during the Appraisal Procedures of a home loan request, ensuring the sustainability and recovery of the debt?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Ensuring the property is located within a prime metropolitan area.
- 2Establishing the applicant's Creditworthiness and Repaying Capacity based on stable income and positive credit history.✓
- 3Strict adherence to the maximum Loan to Value (LTV) ratio prescribed by the Reserve Bank of India (RBI).
- 4Maximizing the loan amount to achieve high sales targets.
Correct answer
Establishing the applicant's Creditworthiness and Repaying Capacity based on stable income and positive credit history.
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