PNB Housing Finance's Roshni Marks ₹1,000 Crore Milestone in Affordable Housing

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PNB Housing Finance's Roshni Marks ₹1,000 Crore Milestone in Affordable Housing
Credit: © Reuters.

By Aayush Khanna

PNB Housing Finance (NS: PNBH ) celebrates a noteworthy achievement with its affordable housing segment, Roshni, reaching an INR 1,000 crore loan book in less than a year since its inception. The accomplishment underscores the company's commitment to financial inclusion, providing low-ticket-size loans from INR 5-35 lakhs for various housing needs. Girish Kousgi, MD & CEO, expresses pride in the milestone, emphasizing the trust consumers have placed in PNB Housing Finance.

Roshni Home Loans caters to a diverse clientele, including salaried individuals, self-employed, and new-to-credit applicants. The customer-centric approach offers tailored financial products, innovative technology, and seamless experiences. With a focus on affordable housing solutions, Roshni provides features such as flexible loan tenure, minimal income documentation, and competitive interest rates.

PNB Housing Finance's commitment to the government's "Housing for All" mission is evident as it continues to expand its reach. The recent inauguration of the 100th Roshni branch, an all-women branch, reflects the company's dedication to leadership in the affordable housing sector. Plans include opening 60 more branches in Tier 2 & 3 cities, totaling 160 Roshni branches by the end of FY24.

The company also aims to enhance its 'Prime' retail loans offering with a total of 138 branches, anticipating nearly 300 branches to serve the growing retail segment by the fiscal year's end. The strategic expansion aligns with PNB Housing Finance's goal of fulfilling home ownership dreams across diverse demographics.

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