RBI further puts new bracket in home loans
Property buyers are again to face a sharp blow for home loans.
According to latest notice by the Reserve Bank of India, banks have to exclude the stamp duty, registration fees and other charges to calculate the total value of a property while giving a loan.
This notification means there will be a setback in property sales along with arrangement of more finance by home buyers on their own.
As per reports, property sales might hit by another five to ten percent witnessing the high property prices and interest rates.
Source: Business Standard
Tags:
home loan, Home loans, Mumbai, Property, Property Buyers, Property sales, RBI, RBI home loan, registration fees, Reserve Bank of India, Reserve Bank of India home loans, setback in property sales, Stamp duty
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