Is there a difference in down payment calculations for different types of loans?

The down payment calculations typically do not differ much across various loan types or assets being purchased in India.

The key factors that determine down payment are:

• The loan-to-value (LTV) ratio set by RBI guidelines for different loan categories
• The credit score of the applicant
• Policies of the financial institution
• The asset category - home, car, machinery, etc.
• The total value or price of the asset