PNB Housing Fin opens ‘Roshni’ branches for affordable housing loans | Popgen Tech

PNB Housing Finance on Friday said it has opened ‘Roshni’ branches in various locations, including tier II and III cities, to deepen its customer base in the affordable housing segment.

Through its Roshni affordable home loan scheme, the city-based lender has also renewed its commitment to the government’s Housing for All mission, it added.

Under this initiative, PNB Housing Finance will offer retail loans to individuals in the range of Rs 5 lakh to Rs 30 lakh.

The Roshni branches of the company inaugurated in Chennai, Coimbatore, Ghaziabad, Hyderabad, Indore/Ujjain, Lucknow, Mumbai, Nagpur, Pune, Rajkot and Varanasi will cater to customers in this segment.

Borrowers can get loans for purchase of house property, self-construction, extension/renovation of house, purchase of plot along with construction, loan against property, among others, PNB Housing Finance said in a statement.

Whether the loan applicants are new to credit, self-employed with no formal income or salaried from a low-income group with household income as low as Rs 10,000 to middle-income category, they should all be considered, she added.

“With Roshni, we continue to grow our portfolio of affordable housing. At PNB Housing Finance, we strive to stay closer to customers. Therefore, we are focused on building our presence across the country in cities of tier 2 and 3 to address the growing needs of prospective home owners,” said Girish Kousgi, MD and CEO of PNB Housing Finance.

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