Individuals can receive housing loans Up to Rs. 140 Lakh, under revised UCBs framework
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- By Chetan Kulasri
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- Last Updated on 2 January, 2023
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Circular no. RBI/2022-23/159 DOR.CRE.REC.92/07.10.002/2022-23, dated 30.12.2022
Earlier, ceilings on housing loans to individuals were Rs. 60 lakh for Tier-I Urban Co-operative Banks (UCBs) and Rs.140 lakh for Tier-II UCBs. Classification of UCBs into four tiers under the revised regulatory framework, the limits on housing loans sanctioned by UCBs stands changed, to an individual borrower as Rs. 60 lakh for Tier-1 UCBs and Rs. 140 lakh for UCBs in Tier-2 to 4. Existing housing loans sanctioned before this circular will be allowed to run off until maturity
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