Govt extends weightage on housing loan. Top 5 takeaways for home loan borrowers3 min read 10 Apr 2022, 09:48 AM IST
Home loan interest rate: RBI Governor Shaktikanta Das said that the move means requirement of capital provision for banks would come down and it would ensure more credit is available to borrowers, particularly for high-end properties
Housing loan in India: The Government of India has extended the lower risk weightage on housing loan by one year from 31st March 2022 to 31st March 2023. The Reserve Bank of India (RBI) made an announcement in this regard on Friday while speaking on the RBI Monetary Policy meeting outcome. The Central Bank of India said that the move aims to boost credit flow to the real estate sector. This means credit flow for housing sector will remain smooth as more funds will be available at banks for home loan disbursal.