• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Mumbai, Oct.. 17

Urban co-operative banks will now be allowed to grant individual home loans of up to Rs 25 lakh, against the earlier limit of Rs 15 lakh. "It has been decided to allow UCBs to extend individual housing loan up to the limit of Rs 25 lakh per beneficiary of a dwelling unit," notified the RBI. The stipulation that the amount of instalment and interest should not exceed 30 per cent of the income of the borrowers has also been dispensed with. Housing finance to borrowers availing themselves of loans above Rs 15 lakh will not be treated as priority sector lending.

More Stories on : Housing Finance | Co-operatives

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Rupee rises sharply

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line