The National Housing Bank (NHB) has granted permission to six new entities, namely, Supreme Housing Finance, Nivara Home Finance, Khush Housing Finance Private, Bajaj Housing Finance Capri, Global Housing Finance Pvt Ltd and Hinduja Housing Finance Ltd, to become housing finance companies.
RBI has allowed banks to give home loans up to 90 per cent of the value of the property that cost below Rs.30 lakh. Earlier, the facility was available up to Rs.20 lakh.
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