Ishtaq has applied for a loan for 250,000 dirhams to buy a 350,000 dirham car, so he made a down payment of 100,000 dirhams. The interest rate for a conventional fixed-rate, fixed-term, amortizing loan is 3% per year. He takes the loan for 5 years (60 months) and will make equal monthly payments for 60 months. Calculate his loan to value ratio to the nearest percent for this loan.