Reasonably priced housing finance firm SMFG Grihashakti has secured Rs 300 crore funding from Nationwide Housing Financial institution (NHB).
That is the corporate’s maiden long-term mortgage from NHB and opens up a further avenue for long-term, low-cost funding, it mentioned, including that the cash will assist it broaden its financing options to the under-served inhabitants, SMFG Grihashakti Chief Govt Deepak Patkar, mentioned.
As of December 2023, it had Property Below Administration (AUM) of Rs 8,028 crore, which grew 37 per cent year-on-year.
SMFG Grihashakti offers dwelling loans, loans for dwelling enchancment, dwelling development and extension, mortgage in opposition to property, and for buying business property, aside from challenge development financing.
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