Enhancement of limits for Housing Finance
Enhancement of limits for Housing Finance
Housing Finance – Loans for repairs/additions/alterations – Enhancement of limits
Please refer to para 2 of the circular UBD.CO.BPD.(PCB).Cir.No.13/09.22.010/2013-14 dated September 10, 2013 on the captioned subject, wherein, the ceiling on loans to individuals for carrying out repairs/additions/alterations to their dwelling units was revised upwards to ₹2 lakh in rural and semi-urban areas and ₹5 lakh in urban areas.
2. The ceiling on such loans is now revised to ₹10 lakh in metropolitan centres (those centres with population of 10 lakh and above) and ₹6 lakh in other centres.
Also Read: Clarification on the New Definition of Micro, Small and Medium Enterprises (MSMEs)
Read More on RBI
