Some respite for home buyers

Apr 07 2014, 00:57 IST
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NHB plans using tax-free bond proceeds to shore up long-term fixed-rate loans NHB plans using tax-free bond proceeds to shore up long-term fixed-rate loans
SummaryNHB plans using tax-free bond proceeds to shore up long-term fixed-rate loans

8.75%. The scheme is aimed at ensuring long term fixed rate refinance at affordable interest rates to build or buy houses in urban areas. This is targeted at low and moderate income segments. Refinance extended to Primary Lending Institutions (including banks, HFCs and lenders in the cooperative sector) is for 5-15 year tenures at fixed rates.

NHB also has a solar lighting and heating scheme (where long term funds are given at concessional rates of interest at fixed rates), where refinance for loans is extended for purchase and installation of solar powered devices for household use. This scheme is also operated through PLIs.

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