Delhi Cooperative Housing Finance Corporation slashes rates of interest on housing loans

Image Source : RASHI HARDAHA/ INDIA TV Delhi Cooperative Housing Finance Corporation slashes rates of interest on housing loans
In a excellent news for dwelling patrons, the Delhi Cooperative Housing Finance Corporation Limited has slashed rates of interest on housing loans from 7.45 per cent to six.75 per cent, an official assertion stated on Monday. The transfer comes days after the Delhi authorities lowered circle charges on properties by 20 per cent.
Cooperative Minister Rajendra Pal Gautam has instructed the company to slash the charges on the instructions of Chief Minister Arvind Kejriwal, the assertion from Delhi authorities stated.
“With the directions of the Delhi government, the rate of interest for Delhiites to take housing loans has been reduced from 7.45 per cent to 6.75 per cent,” stated Rajesh Goyal, chairman of the company.

This rate of interest is far decrease than that provided by non-public banks, he stated.
The discount in rate of interest will convey down the mortgage cost instalment from Rs 803 per lakh to Rs 760 per lakh, the assertion stated.
The company is planning to quickly launch a beautiful housing mortgage package deal for center class and weaker sections, it stated.
Last week, the Delhi authorities lowered circle charges of residential, business and industrial properties by 20 per cent for a interval of six month. 
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