7th Pay Commission Latest News: Central Government Employees are constantly being given great news by the Modi Government. After the DA hike, the government has recently made another big announcement.
Central Government Employees are constantly being given great news by the Modi Government. After the DA hike, the government has recently made another big announcement, so that you can build your house easily. Employees will get advance at affordable rates to build their own houses.
How much interest will have to be paid
The central government had decided to cut the interest rates of house building advance, after which you will have to spend less money to build a house. Earlier interest on home loan from HBA was at the rate of 7.9 per cent, which has now been reduced to 7.1 per cent.
47 lakh people will get benefit from now on you will have to pay less interest on home loan. An official memorandum has also been issued for this. Let us tell you that 47 lakh employees of the country will get a big benefit from this decision of the Central Government. These rates of interest will be applicable till 31 March 2023.
Ministry has given information The Ministry of Housing and Urban Affairs has given information about this. Under the decisions taken by the government, now employees can build houses cheaply. Less money will have to be spent in buying or reselling only seven of its flats.
You can take advance of Rs 25 lakh , according to the information given by the central government, in this government scheme, employees will get 2 types of facilities, either you can take 32 months from your basic salary or a maximum amount of Rs 25 lakh as advance. Can be taken in.
Can take house in own name
All the employees of the center get the facility of House Building Advance from the Central Government. In this, the employee can take an advance to build a house on a plot in the name of himself or his wife. Employees can take advantage of this scheme till 31 March 2023. In this, you will have to pay interest at the rate of 7.1 percent.