The Reserve Bank of India (RBI) on Thursday March 05,2015 eased the norms for home loans for up to Rs.10 lakh by allowing banks to include stamp duty and registration charges to the cost of a unit.
These charges form around 15 per cent of the cost of the house and place a burden on borrowers
As per the current practice, banks do not include stamp duty, registration and other documentation charges in the cost of housing property.
These charges form around 15 per cent of the cost of the house and place a burden on borrowers
As per the current practice, banks do not include stamp duty, registration and other documentation charges in the cost of housing property.
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