The housing loan limits for eligibility under priority sector lending will be revised to Rs. 35 lakh in metropolitan centres from earlier

2018

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Rs 30 lakh
B	Rs 28 lakh
C	Rs 25 lakh
D	Rs 32 lakh

Explanation:

Detailed explanation-1: -Bank loans up to a limit of Rs 5 crore per borrower for setting up schools, drinking water facilities and sanitation facilities including construction/ refurbishment of household toilets and water improvements at household level, etc.

Detailed explanation-2: -Currently, loans to individuals for up to Rs 28 lakh in metropolitan centres and Rs 20 lakh in other centres, can be classified under priority sector, provided that the cost of dwelling unit does not exceed Rs 35 lakh and Rs 25 lakh respectively.

There is 1 question to complete.