Visit the Website
Go to the Hero FinCorp website to access the LTV Calculator.
I have read through the Terms of Service for use of Digital Platforms as provided above by HFCL and I provide my express consent and agree to the Terms of Service for use of Digital Platform.
The LTV, or Loan-to-Value, ratio is a key factor in bank loans. It shows how much of the property's value is covered by the loan. Hero FinCorp's LTV Calculator simplifies this process. It allows you to assess and compare before applying for a loan. Our loan-to-value calculator helps you secure the best loan deal for your needs. Let's discover how.
Hero FinCorp's LTV ratio calculator gives you the financial clarity you need, effortlessly determining the Loan-to-Value ratio.
All you need to do is follow these simple steps -
Step 1: Visit Hero FinCorp's Loan-to-Value rate calculator.
Step 2: Input your loan amount and property value.
Step 3: All done! Our LTV calculator online will take care of the rest. It applies the LTV formula and crunches the numbers for you.
Easily calculate the Loan-to-Value percentage of your property's value covered by the loan.
This takes away your dependence on your loan provider to determine the eligible loan amount. So, say goodbye to guesswork and seamlessly calculate the Loan-to-Value ratio with the online calculator.
The Loan-to-Value (LTV) ratio for home loans is calculated by dividing the loan amount by the appraised value of the property and multiplying the result by 100.
The formula is:
Particulars | Amount |
---|---|
Property value | Rs 80 lakh |
Amount borrowed | Rs 48 lakh |
LTV = Amount borrowed/Property value | 60% |
LTV Ratio (%) = Amount Borrowed/Property Value X 100
Let's say you're applying for a Property Loan of Rs 50,00,000, and the appraised value of the property is Rs 1,00,00,000. Using the LTV formula:
LTV Ratio (%) = (50,00,000/1,00,00,000) X 100
The LTV ratio is 50%
This ratio helps lenders assess risk. The lower LTV ratios indicate less risk, potentially leading to better loan terms for the borrower.
Calculating LTV is easy with Hero FinCorp's LTV Calculator. To calculate LTV, follow these easy steps:
Hero FinCorp's Loan-to-Value Calculator streamlines the process of LTV calculation. It provides clarity in your loan-borrowing journey.
Are you looking to make smart financial decisions when applying for a loan? Our Loan-to-Value (LTV) Ratio Calculator is your key to understanding the health of your loan. It offers transparency and precise assessments, empowering you to plan your finances with confidence. Explore the benefits of Hero FinCorp’s LTV Ratio Calculator and optimize your loan strategy now.