Home Loans for everyone by PNB Housing Finance

Home Loans for everyone by PNB Housing Finance

In an effort to bring cheer to middle and lower income segments which dream of owning a home at affordable Equated Monthly Installments, PNB Housing Finance Ltd. launched a special home loan scheme for the salaried and self-employed professionals with income starting from Rs 10,000 per month and above for a loan amount up to Rs. 25 lakh.

In a bid to support the government’s initiative of Housing For All by 2022, the scheme has been Named ‘Unnati Home Loans’, where the tenure of loan is up to 30 years with an option of fixed and floating interest rates. Loans under this scheme can be availed with a co-borrower and up to 90% of the property value. Starting at an interest rate of 10.50 %, the borrower also gets an option of fixed rate for 3, 5 and 10 years that will shield him from market fluctuations.

“Unnati is aimed at supporting lower income groups in their endeavour of owning a home. With our customized credit schemes, we are attempting to reach out to employees of indigenous establishments and SMEs,” said Sanjaya Gupta, managing director, PNB Housing Finance, adding that With this new scheme, the company are eyeing individuals residing in peripheries of Tier I cities as well as those living in Tier II and III cities.