4% rebate on home loans up to ₹9 lakh, 3% on ₹12 lakh: PM
While addressing the nation on New Year's eve, Prime Minister Narendra Modi on Saturday announced a new housing loan scheme, under which poor and middle-class citizens will get a 4% exemption on interest on loans up to ₹9 lakh. Further, home loans of up to ₹12 lakh will also get an exemption of 3% on the interest.