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Finance ministry increases Home Loan limits in Union Budget


By Accommodation Times Bureau Pursuant to the announcement made by Union Finance Minister in the Union Budget for the year 2012-13, it has been decided to increase the limit from Rs.5 lakh to Rs.10 lakh for the bank loans extended to non-governmental agencies, approved by NHB for their refinance, for on-lending for the purpose of construction/reconstruction More...

by Staff Reporter | Published 3 years ago
By Staff Reporter On Friday, April 20th, 2012

FAQs on Housing Finance

By Accommodation Times Bureau Q-1 What are Income tax benefits of taking and repaying a housing loan under EMI Plan? You will be eligible to claim both the interest and principal components of your repayment during More...

By Staff Reporter On Wednesday, April 18th, 2012

MCHI-CREDAI hails RBI rate cut

By Accommodation Times Bureau MUMBAI: Welcoming the RBI decision to cut repo rate by 50 basis points, the real estate developer community has expressed the hope that the benefit will be passed on to the consumers. MCHI-CREDAI More...

By Staff Reporter On Monday, April 16th, 2012

Housing finance will be cheaper in Q1 as RBI cuts rate

By Accommodation Times Bureau Mumbai: In the first quarter of 2012 home loans are likely to come down as Reserve Bank of India on Tuesday cuts its benchmark rates, this move is widely expected by banks. Majority More...

By Staff Reporter On Wednesday, March 28th, 2012

Relief for home loan borrowers can shuffle to floating rates scheme, SBI

By Accommodation Times Bureau The country’s biggest money lender State Bank of India has given an option to its existing home loan borrowers. The customers those are on the prime lending rate can shuffle their More...