What is Home Loan Scheme 2022

A home loan scheme is such a scheme, with the help of which people can build their own house and can also get it completely repaired because it is a type of loan which can be used to buy any house or buy land for a home. is taken from the bank. That is, the loan taken from the bank for any land or house is called a home loan. People who do not have enough money to buy a house or land, join the home loan scheme and take a loan from the bank and then buy the house or land. If you want to know about home loan schemes, then here you are being provided complete information about what is home loan scheme, an eais sy way to take a loan.

What is a home loan scheme? 

Under this scheme, people whose annual income is Rs 3 lakh, those people are counted under EWS (Economically Weaker Sections) and those people whose annual income is up to Rs 6 lakh, those people are considered as  LIG (Low income). group) is included. Individuals generating such an income can avail of the benefit of an interest subsidy of up to 6.5% on a home loan of up to Rs.6 lakh. Apart from this, now 12 lakh to 18 lakh will be included by joining this scheme.   People earning Rs. annually can also avail interest subsidy of up to 6.5%. Under the Pradhan Mantri Awas Yojana, for people who are getting up to Rs 6 lakh annually, then the government provides an interest subsidy of up to 6.5% on taking a loan of Rs 6 lakh. By joining the home loan scheme, you are given a benefit of 2.67 lakhs on the purchase of a house.

On the other hand, the government provides an interest subsidy of up to 4% for people earning an annual income of Rs 6 lakh to Rs 12 lakh on a home loan. Along with this, an interest subsidy of up to 3% is given by the government to the individuals earning an annual income of 12 lakh to 18 lakh rupees by joining the home loan scheme, in which the benefit of up to Rs 2.30 lakh is given to the consumers. Apart from this, if the interest rate on the home loan is 9%, you have to pay only 5% interest under this scheme and if you take a loan of more than this, the interest on the remaining amount has to be paid at the normal rate. The maximum time limit you can be given to repay each type of loan is 20 years.

Easy ways to get a home loan

Many companies give a part of the salary as an advance to the employee in the form of a loan to further their business, but this loan can be up to six times your monthly salary. You can be given up to 24 months to repay the loan of this loan.

  • Interest Rate: 5-8% (Sometimes this interest rate can be zero.)
  • Benefits: You can get this loan amount within three days.

home loan limit 

You can get a loan of up to Rs 50 lakh if ​​you take a home loan for a tenure of up to 20 years, but if the tenure of your home loan is not long, then you will get the loan according to your tenure.

Interest Rate: 9-13%

Benefits: It can be given to you in three days. Apart from this, if you are not able to pay the cost of this loan on time, then you can also be punished for it.

personal loan 

If you take a personal home loan, then you can get this loan amount within 30 minutes to three days. If you have a good relationship with the bank, then you will get this loan amount very soon. On the other hand, if you get a pre-approved loan offer, then the loan process becomes very easy for you, but after taking this loan, you will get 2-3 per cent as a processing fee. the charge has to be paid. Along with this, you have to pay GST on the monthly instalment and if you repay the loan amount ahead of time, then you have to pay a charge of 2-3 per cent for this too.

  • Interest Rate: 13-24% 
  • Benefits: Instant payouts when you take a personal loan from your bank 

loan against property 

If you already have your own house and you take home to buy another bigger house on that property, then you can get a loan from 5 lakh to 10 crore rupees on it. In this, the tenure of your loan can be from 2 to 15 years. Banks provide you loan up to 65% of the property value, but you need to have home insurance to take a loan against your property. In this, the processing fee has to be paid up to 1.5-2% and if you repay your loan amount ahead of time, then you have to pay a 2-3% fee for this.

  • Interest Rate: 9.5-13%
  •  Advantages: Low interest, the large amount is received.

credit card loan 

If you have a credit card, then you can take a loan up to 40-80% of your limit on this card. For those who take the loan on a credit card, the loan amount is given very soon but for this, you have to pay more interest. Along with this, you have to pay 2.5-3 per cent as a transaction fee and your interest will start in the bank from the day you have taken the loan amount in your hands. 

  • Interest Rate : 2-3.5% per month 
  • Advantages: Cash is available after some time.

Here we have provided you information about Home Loan Scheme. If you want to get other information related to this, then you can ask your thoughts or suggestions through the comment box. Along with this, if you want to get other information, then visit www.apkaloan.com .

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