Tuesday, September 15, 2009


  • 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.
  • The aggregate of housing loans outstanding on any day against individuals, institutions, and societies should not exceed 10 % of total loans and advances of the bank as on March 31 of the preceding year. However, this limit can be exceeded to the extent of funds obtained for the purpose from the higher financing agency and refinance from the National Housing Bank.
  • 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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