What is the "Loan-to-Value (LTV) ratio" in home loans?

A. The amount of loan provided relative to the property value
B. The interest rate on the loan
C. The repayment period of the loan
D. The total value of collateral required

Explanation:

The Loan-to-Value (LTV) ratio is the percentage of the property value that can be borrowed through a home loan, often a key factor in approval.

Tags: State Bank Exams MCQ, Other Government