RBI Update: Individual Housing loans – Enhancement in limits

It has been decided to revise the limits on individual housing loans sanctioned by urban co-operative banks to an individual borrower as under:

Category of the bankExisting Limit*
(per individual borrower)
Revised Limit*
(per individual borrower)
(a) Tier-I UCBs₹30 lakh₹60 lakh
(b) Tier-II UCBs₹70 lakh₹140 lakh
*subject to prescribed prudential exposure limits

The above instructions will come into effect from the date of this circular.
For Further : https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12336&Mode=0

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