Loan for Low Cost Houses Reserve Bank of India vide circular DBR.BP.BC.No. 74/08.12.015/2014-15 dated March 5, 2015 on “Housing Loans: Review of Instructions” has allowed banks to add stamp duty, registration and other documentation charges to the cost of the house/dwelling unit for the purpose of calculating Loan to Value (LTV) ratio, in cases where the cost of the … [Read more...] about Loan for Low Cost Houses
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Housing loans
Central Government: Employees: Interest Subvention of 1% on housing loans
Interest Subvention of 1% on housing loans The Union Cabinet today approved the proposal for extending the scheme of interest subvention of 1% on housing loans upto Rs.15 lakh where the cost of the house does not exceed Rs.25 lakh for the year 2012-13 and to amend the operational part of guidelines for release of funds. A budgetary provision of Rs.400 crore has been made … [Read more...] about Central Government: Employees: Interest Subvention of 1% on housing loans
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