PNB HFC debuts Roshni affordable home loan scheme for Tier 1 & Tier 2 cities | Popgen Tech


PNB Housing Finance (HFC) unveiled Roshni, a low cost home loan programme. Individuals can apply for loans under this scheme ranging from Rs. 5 lakh to Rs. 30 lakhs. This launch is in line with PNB Housing Finance’s long term goal of enabling and assisting an individual’s desire to buy a home. Recently, the Company opened Roshni-focused branch offices in the following cities: Chennai, Coimbatore, Ghaziabad, Hyderabad, Indore/Ujjain, Lucknow, Mumbai, Nagpur, Pune, Rajkot, and Varanasi.

The program offers a variety of loans for self-building, home expansions and renovations, purchase of plots along with construction, loans against property, and purchase of investment property. Consequently, if the loan applicants are first-time credit borrowers, self-employed without a professional role and with a salary from a low-income group with a family income as low as Rs. 10,000 for middle income group category will be considered for approval of Roshni loan scheme by PNB HFC.

The MD and CEO of PNB Housing Finance, Girish Kousgi, said, “With Roshni, we continue to grow our portfolio of affordable housing. At PNB Housing Finance, we work to stay closer to customers. Therefore, we are focused on building our presence across the country in tier 2 and 3 cities to address the growing needs of prospective home owners. Through Roshni, we have renewed our commitment to the Central Government’s ‘Housing for All’ mission and are well positioned to catalyze growth in the real estate industry.

PNB Housing Finance provides home loans to borrowers across India with over 30 years of industry experience, a nationwide branch network, and a strong delivery approach of services. Apart from Uttar Pradesh, Uttarakhand, Madhya Pradesh, Chhattisgarh, Rajasthan, Gujarat, Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Maharashtra, and Delhi-NCR, PNB Housing Finance plans to expand in 15 states.

A housing finance company registered with the National Housing Bank (NHB) is PNB Housing Finance Limited (PNB Housing). It started operating on November 11, 1988, after being incorporated under the Companies Act of 1956. PNB Housing offers home loans to individuals and businesses for home purchase, construction, renovation, and expansions. In addition, it offers loans for the acquisition of residential land as well as loans against property and for commercial space. The company has a long-term bank credit rating of CRISIL AA/Negative, and CARE AA/Stable.

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