New Home Loan Offers for Mumbai Govt Staff
Maharashtra government Home Loan Scheme 2015: State Govt has offered Offers for Home Loans to its 19 lakh+ employees. Home loans amount varies between Rs 20 and 50 lakh which depends upon the category of the city or district they work in.
The state finance ministry has also offers home loans for Renovation for current property or house for this category loans amount varies between Rs 3 and 15 lakh.
Conditions for Avail a Loan:
- To avail such a benefit is the completion of five years in the state government service.
- Those employees whose tenure left in government service is less than five years will not be able to opt for the loan facility.
- Up to 50 Lakh Loan for X Category Cities
- Up to 30 Lakh Loan for Y Category Cities
- Up to 20 Lakh for Remaining
Recently, the government announced a hike in the salary from the current month by increasing the dearness allowance from earlier 100% to now 107% with retrospective effect.
The state has also decided to continue with the family pension scheme for widows who have remarried. The state has also allowed such a facility to the parents of deceased unmarried employees.
Any property to be bought using the government loan facility should be in the name of the one who is opting for such a loan and the interest rates in that year would be applicable.
