1% interest subvention for housing loans upto Rs.15 lakhs

Finance Minister Shri Pranab Mukherjee increased the relief for people who are buying budge homes of less than Rs.25 lakhs.

The interest subvention of 1% on housing loans will now be available for loans upto Rs. 15 lakh where the cost of house does not exceed Rs. 25 lakh.

The present limit for the loan amount is Rs. 10 lakh while the cost of the house should not exceed Rs. 20 lakh.

Source : Equity Bulls

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