Revision of Individual Housing Loan Limits- UCBs - আৰবিআই - Reserve Bank of India
Revision of Individual Housing Loan Limits- UCBs
RBI/2008/322 May 15, 2008 The Chief Executive Officers of Dear Sir/Madam, Revision of Individual Housing Loan Limits- Please refer to our circular UBD.PCB.Cir.No.16/09.09.001/06-07 dated October 17, 2006 permitting UCBs to extend individual housing loans up to the limit of Rs 25.00 lakh per beneficiary of a dwelling unit. 2. In this connection a reference is invited to Para 213 of the Annual Policy Statement for the year 2008-09 dated April 29, 2008 (copy enclosed). As announced in the Annual Policy Statement, it has been decided to permit Tier II UCBs to extend individual housing loans up to a maximum of Rs.50 lakh per beneficiary of a dwelling unit subject to extant prudential exposure limits. 3. All other instructions issued in this regard remain unchanged. Yours faithfully, (A.K Khound) Extract from the Annual Policy Statement for the Year 2008-09 213. As per extant norms, UCBs can grant housing loans to individuals up to a maximum of Rs.25 lakh. Based on the representations made by UCBs, it is proposed:
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