New Regulations – PM Modi Announces Special Housing Schemes for Poor !

In a series of announcements, the Prime Minister of India  Mr. Narendra Modi today announced two new housing schemes to encourage the ownership of homes among the urban and rural poor. Both the schemes are brought under Pradhan Mantri Awas Yojana. The schemes were introduced when Hon'ble PM addressed the nation at 7.30 PM earlier in the evening today.

The schemes, designed for poor & underprivileged, will let them avail home loan of upto Rs. 9 lakhs at 4 percent lower interest rate. While loans of upto Rs. 12 lakhs will attract 3 percent lower interest rate. The loan of upto 2 lakhs to renovate and extend the house will come at 3 percent lower interest rate.

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Personal Loan Interest Rates June 2018
Bajaj Finserv 10.99% - 16.00%
Fullerton India 14.00% - 33.00%
HDFC Bank 11.25% - 21.25%
ICICI Bank 10.99% - 18.40%
IndusInd Bank 10.99% - 16.00%
Kotak Bank 10.99% - 20.99%
RBL 13.00% - 18.00%
Standard Chartered Bank 10.99% - 14.49%
Tata Capital 10.99% - 18.00%
Home Loan Interest Rates June 2018
State Bank of India/SBI 8.45% - 9.00%
HDFC 8.50% - 9.15%
Bank of Baroda 8.45% - 9.45%
LIC Housing 8.45% - 8.90%
PNB Housing Finance 8.40% - 8.99%
ICICI Bank 8.50% - 9.05%
Axis Bank 8.50% - 8.85%
Citibank 8.40% - 9.20%
Indiabulls Housing Finance Limited 8.50% - 10.80%
Kotak Bank 8.60% - 8.70%
DHFL 9.05% - 9.95%
Reliance Home Finance 8.75% - 10.00%
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