PNB Housing Finance strengthens its presence across India with expansion of its Affordable Home Loan Scheme Roshni

Pune, October 25, 2023: PNB Housing Finance, one of the India’s leading housing finance companies, today inaugurated its new branch in Chakan, Pune, exclusively offering Roshni affordable home loans to aspiring home owners. This is in line with the Company’s strategy of making its products and services more accessible to customers across the country. Valli Sekar, Chief Sales and Collection Officer (Affordable), PNB Housing Finance, inaugurated the branch in the presence of other senior officials from the company.

Roshni is an extension of PNB Housing’s commitment to last-mile financial inclusion in the country. The programme offers loans ranging from INR 5 to 35 lacs for home expansions and renovations, plot purchases combined with construction, loans against property, and the purchase of property investment. It offers customer-centric benefits like flexible loan tenure, robust service delivery model, minimal formal income documentation, high loan-to-value ratio and competitive interest rates, backed by a trusted brand with close to four decades of experience.

Girish Kousgi, MD & CEO, PNB Housing Finance, said, “Home ownership is a significant milestone in an individual’s life, and our vision is to make this journey more affordable and accessible for all. With Roshni, we are committed to addressing the growing needs of prospective home buyers and fostering socio-economic progress in the country. Our new branch in the city will enable us to provide affordable home loan solutions, backed by personalized services and robust digital capabilities, to our wide set of customers. Chakan is an attractive market with tremendous growth opportunities and we will continue to strengthen our presence in the state with our offerings.”

PNB Housing Finance currently has 94 branches for Roshni, with dedicated teams for sales, credit and collections. The Company plans to strengthen its distribution network in Tier 2 & 3 cities to cater to the evolving needs of Roshni customers across the country. It also aims to expand the share of affordable housing to 35-40% of its incremental business over the next few years.