Tuesday, December 9, 2008

Home loan interest rate at 9.5 per cent!

The government seems to have shelved its plan to extend an interest subsidy of 2.5 per cent aimed at fixing home loan interest rate at 9.5 per cent.

According to reports, the government was considering an interest rate subvention on new home loans which would, in turn, provide the stimulus to the housing and construction-related sectors such as steel and cement. The subsidy was being considered on home loans below Rs 25 lakh. To read more, please, visit - Priyadarshi Siddhanta & Gunjan Pradhan Sinha - IndianExpress

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