Demand for rural home loans to surge in Q4: DHFL

The current cycle of low interest rates, coupled by the government's interest subvention scheme for affordable housing, is expected to give a boost to home loans in rural India, says Harshil Mehta, CEO, DHFL.Speaking to CNBC-TV18, he said the government's move of subsidising home loans up to Rs 12 lakh will offset the sectoral hit post demonetisation.Prime Minister Narendra Modi, in his New Year’s Eve speech, announced an interest subvention of 3 percent and 4 percent on home loans up to Rs 9 lakh and Rs 12 lakh respectively taken in 2017.Watch video for more.