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PNB HFC Launches Home Loan for Tier I and Tier II Cities

Published on December 12, 2022
Current Context: The PNB Housing Finance Limited (HFC) launched a low-cost home loan program called “Roshni”.
PNB HFC Launches Home Loan for Tier I and Tier II Cities
  • The primary objective of Roshni is to enable customers from Tier I and Tier II cities to avail of home loans ranging from INR 5 lakh to INR 30 lakh.
  • This initiative of the PNB HFC is in line with the Government of India’s “Housing for All” mission.
  • The scheme will offer a variety of loans for:
  1. Purchase of property
  2. Home expansion and renovation
  3. Self-building
  4. Plot purchases combined with construction
  • The following applicants will be eligible:
  1. First-time credit borrowers
  2. Self-employed people
  3. Salaried with low and middle-income group
  • PNB Housing Finance Limited is a housing finance company that was established in 1988 with its headquarters in New Delhi. The current Non-Executive Chairperson of the company is Sunil Mehta.

Question:

Q.1 Which of the following recently launched the home loan scheme “Roshni”?
a. HDFC Housing Finance
b. IIFL Housing Finance
c. LIC Housing Finance
d. PNB Housing Finance
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