Indian government is making sure that the middle class can afford a home.There have been many steps from government to make sure Home loans are available at resonable rates for everyone in the country.From Rbi guidelines and repo cuts and now government decides to give 1% subsidy on loans less than 10 lakhs where the total value of property is not more than 20 lakhs.
This means that 1% of your interest will be paid by government to Banks.So if you are in that range, go for your dream home at the lowest rates in last one year.
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