Good News: Homebuyers can take loan up to Rs.10 lakh for carrying out repairs/alterations to their dwelling units, check Details

Good News: Homebuyers can take loan up to Rs.10 lakh for carrying out repairs/alterations to their dwelling units, check Details

Reetu | May 24, 2022 |

Good News: Homebuyers can take loan up to Rs.10 lakh for carrying out repairs/alterations to their dwelling units, check Details

Good News: Homebuyers can take loan up to Rs.10 lakh for carrying out repairs/alterations to their dwelling units, check Details

The Reserve Bank of India(RBI) vide Circular No. RBI/2022-23/56 (DOR.CRE.REC.18/ 09.22.010/2022-23) dated 24.05.2022 notifies that Homebuyers can take loan up to Rs. 10 lakh for carrying out repairs/alterations to their dwelling units.

The Circular is Given Below:

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.

For Official Circular Download PDF Given Below:

Download Circular

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Reetu
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