Owing a house still continues to be a distant dream for many families despite of the cut in home loan interest rates announced by public sector banks.
One reason is that majority of the ongoing Residential Projects in the city address only upper-middle and higher income segments. To purchase such a flat, a person would have to go for a loan of more than Rs.20 lakh and this is outside the package.
The bank had decided to provide Home Loans of up to Rs.5 lakh at 8.5 per cent interest and loans from Rs.5 lakh to 20 lakh at an interest rate of 9.25 per cent.
Friday, January 9, 2009
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Very helpful blog Skyline Group
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