Home loan limit for Central Government employees raised to Rs.25 Lakh from earlier Rs.7.5 lakh

Posted on:12 Nov 2017 09:00:01
Home loan limit for Central Government employees raised to Rs.25 Lakh from earlier Rs.7.5 lakh
12 November 2017 Current Affairs: The government has raised the maximum amount that a Central government employee can borrow from the government for house-building to Rs.25 lakh from the earlier Rs.7.5 lakh.

The interest rate on the loan amount shall be at a uniform rate of 8.5% at simple interest, in place of the earlier four slabs of interest rates ranging from 6% to 9.5%.
The government has raised the maximum amount that a Central government employee can borrow from the government for house-building to Rs.25 lakh from the earlier Rs.7.5 lakh.

The interest rate on the loan amount shall be at a uniform rate of 8.5% at simple interest, in place of the earlier four slabs of interest rates ranging from 6% to 9.5%.

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