Question

The government on November 10, 2017 increased the home loan limit for Central government employees to Rs _____ lakh.
20
25
15
30
10

Answer 1

Answer:

Explanation:

In what could be a huge relief for home buyers, central government employees can now take an advance of up to Rs 25 lakh for the construction or purchase of house at a simple interest rate of 8.50 per cent. Earlier, the maximum borrowing limit was Rs 7.50 lakh with interest rate slabs ranging from 6 per cent to 9.50 per cent. The move is expected to give impetus to country's real estate sector which saw sluggishness since demonetization.