‘Home loans up to 35 lakhs should get priority tag’
No Comments Sub Category:Mumbai,Realty News Posted On: Oct 25, 2012
Indian Banks’ Association committee has recommended to the Finance Ministry that home loans up to Rs 35 lakh should get the priority sector tag.
This will help banks to provide loans to house buyers at affordable interest rates. Also it will benefit a large group of customers in Tier II and Tier III towns.
Moreover loans to builders constructing affordable homes costing within Rs 35 lakh a unit could be classified as priority sector.
Bringing down the margin will increase the ability of customers to buy homes.
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