DHFL Vyasya ini­ti­ates ‘Ru­ral Hous­ing Fund’ for low in­ter­est rates

Accommodation Times - - Housing Finance -

DHFL Vyasya Hous­ing Fi­nance Ltd has ini­ti­ated a new scheme for fund­ing ru­ral hous­ing nam­ing 'Ru­ral Hous­ing Fund’, where they will pro­vide low in­ter­est rates on home loans in ru­ral ar­eas.

As per the scheme home buy­ers can avail them­selves of loans at in­ter­est rates start­ing 9.6 per cent for 15 years at fixed for the first 7 years and vari­able there­after.

Un­der ‘Ru­ral Hous­ing Fund’ scheme, cus­tomers can avail them­selves of a hous­ing loan of up to Rs. 15 lakh for a ten­ure of 15 years, for pur­chase or self- con­struc­tion of a res­i­den­tial unit, home loans, home ex­ten­sion loans, and home im­prove­ment loans.

Ru­ral ar­eas in­clude places/ vil­lages with a pop­u­la­tion of up to 50,000 as per 1991 cen­sus.

Ac­cord­ing to R. Nam­bi­ra­jan, Man­ag­ing Direc­tor, “DHFL Vysya has pre­dom­i­nantly been fo­cus­ing on ru­ral ar­eas, in align­ment to which our op­er­a­tions and branch set-up have been es­tab­lished.

We would like to make use of this at­trac­tive rate of in­ter­est to be more com­pet­i­tive in this mar­ket space.”

The hous­ing fi­nance com­pany said it also of­fers cus­tomers free le­gal and tech­ni­cal guid­ance to as­sist them in their home buy­ing/self-con­struc­tion.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.