The maximum quantum of housing loan that can be granted to an individual borrower by a State / Central Cooperative Bank stands revised to Rs. 20 lakh. However, in case of a bank having a net worth of Rs. 100 crore and above [as per the assessment made in NABARD's latest inspection report], the limit will be Rs. 30 lakh.
It is clarified that housing loans would not include finance to commercial real estate sector as it has already been advised vide RBI circular No. RPCD.CO.RF.BC No.109/07.38.01/2008-09 dated May 25, 2009.
For repairs, additions, alterations etc. to the existing houses, the maximum amount of loan per individual borrower stands revised to Rs. 1 lakh.
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