Subsidy for first home buyers: Pay up to Rs 2.4 lakh less on 20-year loan tenure

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There is good news for the first home buyers.The government is offering a subsidy of Rs 2.4 lakh for a loan tenure of up to 20 years. 

The subsidy for buying the first house would be available to those having an annual income of Rs 18 lakh. Earlier the subsidy on buying a house was available only for those earning up to Rs 6 lakh per annum.

In its housing for all by 2022 drive, the government has announced two new subsidy slabs to encourage first home buyers.

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