Comments
Housing & Urban Development Corporation Ltd (HUDCO) has introduced home loans up to Rs 25 lakh for salaried individuals at a floating rate of interest of 10.20 per cent.
HUDCO home loan not only offers the low rate but also additional features such as free personal accident insurance, no charges before sanction, loan for the longest duration – 25 years and no pre-payment charges, said a press release from the corporation. This makes it a competitive product available in the major capital cities of India. The offer is also available for non- salaried individuals as a group.
HUDCO is a Government of India-owned financial institution with the mandate to promote affordable housing. Since 1970 HUDCO has financed over 15 million dwelling units. HUDCO is the premier organisation in the country committed to the development of “affordable housing” and “housing for economically weaker sections.” The one per cent interest subsidy is also available for housing loans upto Rs 15 lakh with the cost of house not exceeding Rs 25 lakh under the Interest Subvention Scheme of Government of India.
National footprint
HUDCO has a pan-India presence through its regional offices in State capitals. The HUDCO Niwas scheme will be operational in 20 Regional Offices of HUDCO, covering urban agglomeration of the concerned State Capitals. The HUDCO Niwas scheme will be operational in 20 regional offices of HUDCO, covering urban agglomeration of the concerned State Capital.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.