Biting off more than they can chew?

Aug 19 2014, 04:32 IST
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SummaryOver the past five years, housing loans have grown relatively slowly for banks with the previous home loan cycle.

Over the past five years, housing loans have grown relatively slowly for banks with the previous home loan cycle ó over 2003-08 ó 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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