June 20, 2023: The PNB Housing Finance Limited (PNBHFL) has opened 12 new branches spread across six states that offer Roshni, an affordable housing product. The Roshni-focused branches are present in Hoskote, Kengeri, Yelahanka, Attibele, Wagholi, Bolinj, Old Panvel, Thillai Nagar, Nagercoil, Mathura, Jodhpur and Ahmedabad.
Types of loans under Roshni
The product Roshni shall provide affordable home loans particularly on the outskirts of Tier-1, Tier-2 and Tier-3 cities.
The scheme comprises loans catering to various needs, including the purchase of house property, self-construction, home extension/renovation, plot purchase plus construction and loans against property.
Under this, applicants who are first-time credit users, self-employed without a formal income and salaried from a low-income group (LIG) with a household income as low as Rs 10,000 to the middle-income group (MIG) category will all be eligible for loans.
Girish Kousgi, MD and CEO, PNB Housing Finance, said, “Through Roshni, we are dedicated to expanding our affordable housing portfolio, enabling us to reach a wider audience across the nation in line with the Central government’s ‘Housing for All’ initiative. In three years, there will be a good mix between affordable housing loans and prime loans within the entire retail space”.
With the opening of these branches, the company has expanded to 88 Roshni branches spread across over 150 districts and 500+ locations.
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