Banks told to give loans up to 80%

 This means borrowers have to arrange at least 20 per cent of the property value on his own before seeking loan from a bank. However, in case of small value housing loans up to Rs 20 lakh, banks can provide loans up to 90 per cent of the property value, the central bank said, adding such loans are part of priority sector advances.

In order to curb the practice of alluring home buyers by offering cheaper rates for limited period, RBI raised the provisioning requirement for banks for teaser rates from 0.4 per cent to 2 per cent with immediate effect.

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