Tag: home loan

Banks have proposed to the Reserve Bank of India (RBI) that stamp duty and registration charges should be included in the project cost for home loans, potentially increasing the loan amount for borrowers, ET reported. Currently, these charges are not part of the home loan amount.Lenders initiated this proposal after internal discussions during a meeting last month. A senior bank executive expressed optimism that the RBI would approve the change, emphasizing that the collateral-backed housing loans wouldn't pose undue risk. “We are hoping that the RBI will take...