RBI eases norms for home loans up to INR 10 lakhs

Q.  Upto what limit Reserve Bank of India eased the norms for home loans by allowing banks to include stamp duty and registration charges to the cost of a unit?
- Published on 28 Mar 15

a. 20 Lakh
b. 10 Lakh
c. 15 Lakh
d. 30 Lakh

ANSWER: 10 Lakh
 
At present, Banks do not include stamp duty, registration and other documentation charges in the cost of housing property.

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