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Tag: House Building Advance

home loan
Good news for govt employees as HBA interest rates reduced

New Delhi/ Bhubaneswar: Good news for government employees as the Centre on Thursday reduced interest rate on house building advance (HBA). As per official sources, the rate of interest on HBA has been reduced from existing 8.5% to 7.9% for a period of one year, irrespective of the loan amount. The revised rates will to […]

7th Pay Commission: HBA up to Rs 25 lakh approved for govt employees

The Centre has approved loans up to Rs 25 lakh under the house building advance (HBA) scheme for lakhs of Central government employee. The announcement has increased the allowance by three times of the earlier norm. However, if spouse is a Central government employee, then one can’t be eligible to take HBA, either jointly or […]