ONE PER CENT INTEREST SUBSIDY FOR HOME LOAN

The Reserve bank of India (RBI) has asked banks to provide one per cent interest subsidy to home loans up to Rs 15 lakhs as announced by the government. The limit of subsidy for an individual borrower would be Rs 14,912 for a loan of  Rs 15 lakhs and  Rs 9,925 for a loan of  Rs 10 lakhs.