Repco ties up with NHB

Repco Home Finance Ltd (RHFL) has signed an agreement with National Housing Bank (NHB) for implementation of credit-linked subsidy scheme for the middle-income group.

The scheme will be implemented for one year with effect from January 1, 2017, in all statutory towns. The scheme divides middle-income group into two categories with annual household income up to Rs12 lakh and Rs 18 lakh. 
The subsidy will be available for the two brackets for a loan amount of Rs 9 lakh and Rs 12 lakh at the rate of 4 per cent and 3 per cent per annum, respectively, for a tenure of 20 years. The maximum subsidy amount for an individual beneficiary is Rs 2.35 lakh.
Takeaways from above News-
  • NHB CEO is  Shri Sriram Kalyanaraman
  • NHB headquarter is in New Delhi
  • NHB founded in 1988
  • RHFL ties with NHB for implementation of credit-linked subsidy scheme for the middle-income group.

If you have any other takeaways, do share with us in the comment section

Source- Business Standard

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