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. 

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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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