Affordable housing loan for rural people
By Joseph Samson
Jul 30, 2014
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To provide the rural and low income people with the ease in buying home, a new home loan product is launched. Repco home finance has introduced a new home loan product which will assist the medium and low income group to buy home at the affordable prices.

this scheme comes under the purview of the rural housing fund of the National Housing Bank (NHB) at an interest rate of 9.60% per annum. The main motive of the scheme is to support the people with income up to 2 lakhs, people belonging to minorities, women, SC and ST people.

Through this scheme such people will get the facility to get sustainable livelihood, have their own home. They will also get the loan facility for renovation, construction or purchase of new dwelling units. The Maximum loan sanctioned is Rs 15 lakhs for period of 15 years.

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