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

×

Download success!

Thanks for downloading the guide. For similar guides, free study material, quizzes, videos and job alerts you can download the Adda247 app from play store.

Thank You, Your details have been submitted we will get back to you.

Leave a comment

Your email address will not be published. Required fields are marked *

Join India largest learning distination

What You Will get ?

  • Job Alerts
  • Daily Quizes
  • Subject-Wise Quizes
  • Current Affairs
  • previous year question papers
  • Doubt Solving session

Login

OR

Forgot Password?

Join India largest learning distination

What You Will get ?

  • Job Alerts
  • Daily Quizes
  • Subject-Wise Quizes
  • Current Affairs
  • previous year question papers
  • Doubt Solving session

Sign Up

OR
Join India largest learning distination

What You Will get ?

  • Job Alerts
  • Daily Quizes
  • Subject-Wise Quizes
  • Current Affairs
  • previous year question papers
  • Doubt Solving session

Forgot Password

Enter the email address associated with your account, and we'll email you an OTP to verify it's you.


Join India largest learning distination

What You Will get ?

  • Job Alerts
  • Daily Quizes
  • Subject-Wise Quizes
  • Current Affairs
  • previous year question papers
  • Doubt Solving session

Enter OTP

Please enter the OTP sent to
/6


Did not recive OTP?

Resend in 60s

Join India largest learning distination

What You Will get ?

  • Job Alerts
  • Daily Quizes
  • Subject-Wise Quizes
  • Current Affairs
  • previous year question papers
  • Doubt Solving session

Change Password



Join India largest learning distination

What You Will get ?

  • Job Alerts
  • Daily Quizes
  • Subject-Wise Quizes
  • Current Affairs
  • previous year question papers
  • Doubt Solving session

Almost there

Please enter your phone no. to proceed
+91

Join India largest learning distination

What You Will get ?

  • Job Alerts
  • Daily Quizes
  • Subject-Wise Quizes
  • Current Affairs
  • previous year question papers
  • Doubt Solving session

Enter OTP

Please enter the OTP sent to Edit Number


Did not recive OTP?

Resend 60

By skipping this step you will not recieve any free content avalaible on adda247, also you will miss onto notification and job alerts

Are you sure you want to skip this step?

By skipping this step you will not recieve any free content avalaible on adda247, also you will miss onto notification and job alerts

Are you sure you want to skip this step?