Banks moot covering stamp duty, registry charges in home loa

Banks moot covering stamp duty, registry charges in home loans

Lenders reached out to the Reserve Bank of India (RBI) after internal deliberations in a meeting held last month, they said. At present, such charges are not covered in the home loan amount. "We are hoping that the RBI will take a favourable decision, and this will increase the loan amount to an individual. Since the housing loan is backed by collateral, it will not add to any undue risk," said a senior bank executive, who did not wish to be identified.

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