HBA interest rate will now be cheaper for Central government employees

HBA interest rate will now be cheaper for Central government employees

In some good news for government employees during the festive season, the government has interest rate on house building advance (HBA) for all central government employees. “The interest rate on House Building Advance (HBA) for Central Government Employees will be 7.9% from October 1, 2019 for a period of one year,” said a statement issued…

Buying Homes at lower interest rates for Government employees, says FM Nirmala Sitharaman

Buying Homes at lower interest rates for Government employees, says FM Nirmala Sitharaman

Finance minister Nirmala Sitharaman brought good news for government employees with an announcement to lower the interest rate on house building advance available to them. The move, among other measures announced on Saturday, was aimed to give a fillip to the reality sector. Finance Minister Nirmala Sitharaman said the lowering of interest rates will encourage…