RBI Home Loan Rules

Can you please provide me Home Loan rules of RBI ?

As you are looking for the Home loan rules of RBI so here I am providing you complete details about it ..

Security for loan :
(i) UCBs may secure housing loans either
(a) by mortgage of property, or
(b) by government guarantee where forthcoming, or
(c) by both.

Eligible Housing Schemes

The borrowers in the above categories will be eligible for finance for the following types of housing schemes:

Construction / purchase of houses / flats by individuals

Repairs, alterations and additions to houses / flats by individuals

Schemes for housing and hostels for scheduled castes and scheduled tribes

Under slum clearance schemes - directly to the slum dwellers on the guarantee of the Government, or indirectly through Statutory Boards established for this purpose

Education, health, social, cultural or other institutions / centres which are part of a housing project and considered necessary for the development of settlements or townships

Shopping centres, markets and such other centres catering to the day to day needs of the residents of the housing colonies and forming part of a housing project

For more details I am attaching a word file with it ..

Attached Files Available for Download

RBI Home Loan Rules.doc (156.0 KB, 26 views)

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Answered By StudyChaCha Member