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 […]

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

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 […]

Foreclosure charges / Pre-payment penalties on Housing Loan

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 […]

Revised rates of interest on House Building Advance

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 […]

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 […]