- · Housing Loan rate of interest starting from 7.99% p.a. onwards
- · Additional discounted rates for women borrowers
Goa: To cater to the rising demand for affordable housing in urban and rural regions, Capri Global Capital Ltd. (CGCL), the fastest-growing NBFC focused on MSME and housing finance launches Affordable Housing Loans–Prime offering 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 for this loan. The women applicant to receive an additional 0.10% discount in rate of interest.
In India, the affordable housing segment is still highly under-penetrated as people still struggle to source loans due to stringent credit policies. Housing is one of the key components of a nation’s well-being. The right guidance and easy access to funds can make the government’s vision of ‘Affordable Housing for All’ achievable. 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 a minimum of one year of experience and with a good credit score. The loan amount can be utilized for the Fresh repurchase of the dwelling unit, construction on already hold land, renovation, upgradation of the dwelling unit.
Explaining the necessity of the various housing schemes in India, Mr. Rajesh Sharma, Managing Director, Capri Global Capital Ltd said, “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 incentivized, the affordable housing sector could benefit substantially from the sheer size of its target group. The government and regulatory bodies like RBI, and National Housing Bank (NHB) have launched numerous initiatives to bridge the demand-supply gap & create an ecosystem where all the participants benefit socially and economically.
At CGCL, we constantly research our customers’ demands, identify their needs, and offer customized services to meet their requirements. Our diverse range of products and specialized schemes for housing targets to improve access to shelter especially those who lack affordable, stable, and decent-quality housing. We believe we will continue to see a strong growth momentum in the affordable housing sector over the next few years”