RBI hikes limit on loans under affordable housing to Rs 35 lakh

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By Mr. Ssumit Berry, Managing Director, BDI Group

New Delhi, June 29, 2018: “The Reserve Bank of India (RBI) has increased the loan limits for banks and housing finance companies (HFC) so that these financial institutions can meet their priority sector lending (PSL) requirements. The enhancement in housing loan limits would lead to first-time home buyers falls in the realm of affordability. It would also lead to many more developers looking at catering to this segment.  This altogether will increase formalization of the overall economy”.

Corporate Comm India(CCI Newswire)