Low-cost housing loans of Rs 15 lakh to get 1% interest sop

Low-cost housing loans of Rs 15 lakh will be eligible for 1% interest subsidy, which will help in increasing the demand for such housing. The government is liberalising the existing scheme of one per cent interest subvention on housing loans up to Rs 15 lakh, where the cost of house does not exceed Rs 25 lakh. The existing interest subsidy is on loans of Rs 10 lakh where the cost of house is Rs 20 lakh.crackcrack