Muthoot Housing Finance expands footprint
Muthoot Housing Finance Company Limted, subsidiary of MuthootFincorp Ltd. and the affordable housing finance arm of MuthootPappachan Group announced the opening of its Regional Office at Banshankari 2nd Stage in Bangalore to make affordable housing a reality for the common man, in Karnataka. Presently MHFCL is present at 59 locations across 9 states and one UT. This move comes as a part of its national expansion plan to establish additional 15 new branches across the southern and northern regions. The company is focussed on making housing finance available to the common man at attractive terms and conditions. Customers can now avail affordable loan options/schemes like home loans, self-construction, home extension, home improvement loan and loan against property.
Muthoot Housing Finance Company Limited will be offering a range of home loans starting from purchase from builder, resale purchase, self-construction loans, home extension, home improvement and loan against property through these branches.
Guided by the GoI’s vision of universal housing for the urban poor under the Pradhan MantriAwasYojna with a target of building 20 million affordable houses by March 31, 2022, the company has plans to penetrate further in this Karnataka region through its wide spread distribution network and disburse Rs 750 Crs of loan in the next 3 years. Aligning to the Group’s legacy, MHFCL’s long term vision is to enable every family in India to be able to live their aspiration of owning their own home.