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