PNB Housing Finance opens 'Roshni' branches to push its affordable housing financing scheme

Tags: Economy/Finance

PNB Housing Finance on 16 December 2022 announced that it has opened 'Roshni' branches in various locations, including tier II and III cities, for deepening its customer base in the affordable housing segment.

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

The company's Roshni branches have been inaugurated in Chennai, Coimbatore, Ghaziabad, Hyderabad, Indore/Ujjain, Lucknow, Mumbai, Nagpur, Pune, Rajkot and Varanasi.

Under the Roshini scheme the borrowers can get loans for purchase of house property, self-construction, home extension/renovation, plot purchase plus construction, loan against property, among others.

PNB Housing Finance Limited

PNB Housing Finance Limited is a subsidiary company of Punjab National Bank.

It is a Non-Banking Financial Company (NBFC) which provides housing loans to individuals and corporations. 

Headquarters: New Delhi 

Managing Director and Chief Executive Officer: Girish Kousgi  

Tagline: Ghar Ki Baat 

Housing Finance Companies in India are regulated by the Reserve Bank of India.