Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Stock Report

| More

PNB Housing's Unnati home loan: A perfect tool for housing for all

Posted On: 2021-02-18 06:37:00 (Time Zone: Arizona, USA)


As the effects of the global pandemic are tapering down, we are witnessing a steady uptick in the affordable housing segment seeding growth toward the rising demand for home ownership. In fact, many state governments have extended their support in terms of stamp duty reductions and housing finance companies are reaching out to potential customers, especially millennials, with easy and affordable home loans at attractive interest rates, friendly terms and conditions, and contactless service delivery.

For example, PNB Housing Finance is offering customer-friendly Unnati Home Loan of up to Rs. 35 lakh, or up to 90% of the property's market value for salaried individuals and up to 80% of the property's market value for self-employed individuals. The minimum home loan amount is as low as Rs. 8 lakhs for Tier-1 cities or Rs. 6 Lakhs for Tier-2 cities. Also, PNB Housing Finance provides such loans for a property of minimum size measuring 225 sq. ft. or 40 square yards in case of a construction loan within the city's geographical limits.

This makes Unnati from PNBHFC a smart investment choice for young-entrepreneurs and aspirant salaried class of the millennial generation from mid-sized towns and cities of India who would like to invest in an asset class early on in their career life-span. Additionally, the extended 30-year repayment plan reduces the EMI burden on the borrowers.

PNB Housing Finance Managing Director and CEO Hardayal Prasad said, "We launched Unnati Home Loan as part of our constant effort to offer quick, affordable and customer-friendly financial solutions to those aspiring to buy their dream home and fulfil an important life goal. The loan is tailor-made for low and medium income groups, and will give a big push to the government's broad vision of 'Housing for All by 2022'. Unnati Home Loan will play a significant role in not only empowering individuals to own their homes but will also lift the socio-economic wellbeing of our Society."

Unnati Home Loan from PNBHFC comes along with competitive rates of interest for both salaried individuals, and self-employed with flexible repayment choices. PNB Housing has also collaborated with leading insurance companies to offer customers best-in-class options for insurance products and services right at their doorstep.

Spread over 65 cities with 94 branches, PNB Housing Finance has formed strategic alliances with multiple affordable housing builders across the country to assist in timely loan disbursals. As a step further, PNBHFC's representatives hold awareness drives, run education-based campaigns and offer consultations on various loan products and its credit worthiness round the year. The underlying aim of these activities is to educate and help new home buyers realise their dream.

With a minimum contribution of as little as 10% of the total cost of a property (including stamp duty and registration charges in case of an outright purchase), buying a home has become lot easier and efficient than ever before. Unnati Home Loan brings with it a range of benefits such as quick and simple documentation, doorstep assistance to facilitate fast approvals and disbursals along with a scope for joint ownership. Simultaneously, an applicant for a home loan under Unnati is eligible for a subsidy under the Pradhan Mantri Awas Yojana (PMAY). With a pan-India presence, buying a home through PNB Housing Finance is both a smart decision and a dream come true.

Shares of PNB Housing Finance Ltd was last trading in BSE at Rs.450.85 as compared to the previous close of Rs. 432.2. The total number of shares traded during the day was 176264 in over 4948 trades.

The stock hit an intraday high of Rs. 475 and intraday low of 435. The net turnover during the day was Rs. 80896627.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

State Bank of India celebrates International Women's Day and organizes 'Annadan'

Central bank of India celebrated International Women's Day on 8th March 2021.

Dhunseri Ventures Limited divests entire stake in Tastetaria Foods Pvt Ltd

Mishra Dhatu Nigam Limited board to consider interim dividend on Mar 15, 2021

Kesoram Industries Ltd allots equity shares, OCRPS to lenders

Lemon Tree Hotels signs new hotel in Biratnagar in Nepal

Religare Enterprises Ltd allots 2,28,750 equity shares

Tanla Platforms Ltd agrees on the outlook for Annual Operating Plan for FY2021-22

Mindspace Business Parks REIT's SPV sign with data center operator for 0.63 million sq.ft.

Asian Granito Ltd approves allotment of 2,88,888 Equity Shares pursuant to conversion of Warrant

PSP Projects Limited receives LOA amounting to Rs. 1491.34 crores

Zensar wins at the 11th Annual Aegis Graham Bell Awards

NMDC Salutes The Spirit Of Women on IWD 2021

20 brands open stores in four months in Omaxe World Street

Dabur joins hands with Amazon.in to Celebrate International Women's Day

PNB Housing Finance partners with Azad Foundation in 'Women with Wheels' programme

Mahindra Logistics Ltd.'s Board appoints Dr. Anish Shah as Chairman

Vedanta - The Magnificent Women of Vedanta and Their Machines

CMI Limited to venture into retail

SPIC resumes production at plants at Tuticorin

National Grid Transforms its Business with Appirio and Salesforce

Intellect launches Magic Aadhaar, an AI powered comprehensive Aadhaar processing solution to identify, extract, validate and mask Aadhaar details

365squared Ltd appoints Tonio Ellul as Chief Executive Officer with immediate effect

DCW raises INR 410 Crore through OCD and NCD

Mold-Tek Technologies Ltd board declares interim dividend of Rs. 0.60 for FY2020-21

Talbros Automotive Components Limited along with JV wins multi-year orders worth ~Rs. 304 crs

SBI Cards and Payment Services Limited board to consider issue of NCDs

Subex to launch new AI Automation Platform

Pritish Nandy Communications Ltd's promoter buy shares from market for third successive year

Mahindra Finance Appoints Amit Raje as Chief Operating Officer Digital Finance - Digital Business Unit

Vivimed Labs Limited receives 2 product approvals from Uzbekistan

Mold-Tek Packaging Limited Board declares Interim Dividend of Rs. 3

Ind-Ra upgrades Happiest Minds Technologies Limited's Long-Term Issuer Rating

Brickwork reaffirms Dhanlaxmi Bank's rating of Lower Tier-II bonds - Series XV

AGEL commissions 100 MW Gujarat Wind Power Project 5 months before schedule

Meera Industries Limited receives order of $180,000

Atul Auto launches its all new Nxt Gen, Atul RIK CNG Autorickshaw for Gujarat

NATCO receives final approval for Everolimus tablets for the US market

Blue Star declared winner of the prestigious 'Golden Peacock Award for Excellence in Corporate Governance' for 2020

Just Dial enters into an advertisement agreement for IPL

Fortis Hospital, Faridabad extends it services at Mathura, Launches Super Specialty OPD services

Fire accident at Radico Khaitan Ltd's Rampur plant

Adani Ports and SEZ Limited to allot 1 crore shares to Windy Lakeside Invesment Ltd

Hero MotoCorp Limited announces exclusive offer for women riders

Mayukh Dealtrade Ltd board to consider Stock Split of Equity Shares

CARE downgrades ratings of Srei Infrastructure Finance Limited to default category

Shish Industries Limited forms subsidiary

Dhani Services Limited board approves sponsored Level III ADR

Prakash Steelage Ltd board approves sale of shares of Tubacex Prakash India Pvt Ltd

Sayaji Hotels Management Ltd enters into management agreement for 7 properties



Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020