Kumari Palany & Co

No. of views : (3659)

Interest concession period on housing loans extended

Posted on: 23/Feb/2019 3:35:40 PM
For the customers who got an allotment from the Tamil Nadu Housing Board, the concession in the interest rate given has been extended up to 31st March next year (2020).

Because of the burden of interest, the allottees of the Tami Nadu Housing Board have not received their sales deed. Hence, the state government cancelled the amount of the penalty on interest for the unpaid amount. The Government Order in this regard was issued on 15th June 2017. In the initial phase, this concession was valid for a period of 1 year only. This comes to a close on 26th February. In this situation, the government has ordered an extension for this concession on interest until 31st March next year.

So, the concerned individuals can now arrange to pay the pending amount without any interest and claim the sales deed.