Hi All,

I was looking for information on how to avail interest rate subsidy on home loan, but couldn't get much info on Internet.

Would appreciate if you can share that with me.

Thanks
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  • Please ask to bank from where you are going to take loan. I am sure they will guide you....
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  • so for bumping this old thread

    please go thru the following link which is related to the above post
    http://www.firstpost.com/economy/govt-extends-1-home-loan-subsidy-scheme-367310.html

    so my query is govt will provide 1% subsidy for loan upto 15lacs... is this one time?
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  • Originally Posted by mymatl
    so for bumping this old thread

    please go thru the following link which is related to the above post
    http://www.firstpost.com/economy/govt-extends-1-home-loan-subsidy-scheme-367310.html

    so my query is govt will provide 1% subsidy for loan upto 15lacs... is this one time?



    Yes, one time, only for the first year of the loan tenure and you have to borrow the loan in the year subsidy is in effect. Not applicable for existing home loan borrowers.
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  • Yep. Many clause for a very little benefit frankly.
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  • Originally Posted by TheTruth
    Yep. Many clause for a very little benefit frankly.


    In short - Luck By Chance!
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