House Building Advance to State Government Employees

House Building Advance to State Government Employees Combined Seniority and Eligibility list of applicants for availing House Building Advance in the State of Kerala. Finance Department of Kerala Government issued orders pertaining to the House Building Advance to State Government employees on 6th August, 2012. The State Government have reintroduced the HBA Scheme to State Government Employees and Teachers, hence the Department is published the combined state wise seniority and eligibility … [Read more...]

House Building Advance – Enhancement of ceiling of House Building Advance from Rs.15 to Rs.25 lakhs in Tamil Nadu

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House Building Advance – Enhancement of ceiling of House Building Advance from Rs.15 to Rs.25 lakhs in Tamil Nadu Tamil Nadu Government has decided to increase the ceiling of House Building Advance to its employees from 15 lakhs to 25 lakhs, due to escalation in the cost of land and building materials. An important abstract order issued from Finance Department of Tamil Nadu on 20.6.2012 regarding enhancement of ceiling of Housing Loan to State Government employees and officers. The Government … [Read more...]

Foreclosure charges / Pre-payment penalties on Housing Loan

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Foreclosure charges / Pre-payment penalties on Housing Loan Pre-Payment Penality on Home Loans Reserve Bank of India (RBI) in its monetary policy, during 2012-13 has announced not to permit banks to levy foreclosure charges/pre-payment penalties on home loan on a floating interest rate basis. Further, National Housing Bank (NHB) which regulates the Housing Finance Companies (HFCs) have advised them not to levy pre-payment charges on the borrowers where the housing loan is on floating … [Read more...]

Revised rates of interest on House Building Advance

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Revised rates of interest on House Building Advances The new and revised rates of interest on loans and advances... The Finance Department of West Bengal has directed through an office letter on 30th March 2012 pertaining that the rates of interest on loans and advances to government servants. The new rates of interest to fix on loans taken by the government staff during the year 2011-12. The below table is indicated the rate of interest for the amount of House Building Advance during the … [Read more...]

Interest Rates for House Building Advacne to Central Government Employees

  Interest Rates for House Building Advance to Central Government Employees Concessional interest to employees for promoting Small Family Norm :- The rate of interest will be half per cent less for an employee who undergoes sterilization. The advances carry simple interest from the date of payment of the first instalment and is calculated on the balance outstanding on the last day of each month. No interest is chargeable beyond the date of retirement/death of the government servant. … [Read more...]