(CGCL), an NBFC focused on MSME and housing finance launches, is targeting to disburse Rs 400 crore under the affordable housing loan category.
The NBFC has come up with Affordable Housing Loans – Prime, with the interest rate starting from 7.99% onwards both for urban and rural customers.
All the salaried employees employed with government, public and private can avail this loan. Women applicants will receive an additional 0.10% discount in rate of interest.
“The need and demand for better housing have always been the major agenda even before the pandemic. We still see people leaving with poor-quality infrastructure, overcrowded places, and many without a home. We believe, if sufficiently incentivised, the affordable housing sector could benefit substantially from the sheer size of its target group,” said Rajesh Sharma, Managing Director, Capri Global Capital Ltd.
In India, the affordable housing segment is still highly underpenetrated as people still struggle to source loans due to stringent credit policies. Customers are increasingly looking for home loan providers that can allow more flexible, customized, and affordable payment mechanism suiting their needs.
The scheme is targeted towards the salaried employees working in government, public and private firms with minimum one year of experience and with a good credit score. The loan amount can be utilised for the fresh repurchase of dwelling unit, construction on already hold land, renovation and upgradation of dwelling unit.
The NBFC has come up with Affordable Housing Loans – Prime, with the interest rate starting from 7.99% onwards both for urban and rural customers.
All the salaried employees employed with government, public and private can avail this loan. Women applicants will receive an additional 0.10% discount in rate of interest.
“The need and demand for better housing have always been the major agenda even before the pandemic. We still see people leaving with poor-quality infrastructure, overcrowded places, and many without a home. We believe, if sufficiently incentivised, the affordable housing sector could benefit substantially from the sheer size of its target group,” said Rajesh Sharma, Managing Director, Capri Global Capital Ltd.
In India, the affordable housing segment is still highly underpenetrated as people still struggle to source loans due to stringent credit policies. Customers are increasingly looking for home loan providers that can allow more flexible, customized, and affordable payment mechanism suiting their needs.
The scheme is targeted towards the salaried employees working in government, public and private firms with minimum one year of experience and with a good credit score. The loan amount can be utilised for the fresh repurchase of dwelling unit, construction on already hold land, renovation and upgradation of dwelling unit.
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