Vastu Housing Finance Corporation Ltd. stated it has opened its new all-women branch in Azadnagar, New Delhi which is able to function beneath Vastu’s new mortgage product class – Micro Housing.
This initiative is targeted on empowering ladies from low-income teams and economically weaker sections (EWS) of the society to personal a house, the corporate stated.
The Micro Housing product class presents loans beneath ₹5 lakh and is designed particularly for girls who need to construct or develop small homes inside a selected funding vary. The branch will supply a variety of providers to ladies candidates, akin to straightforward utility course of, incentivized charges, decrease processing charges, particular schemes, EMI holidays, rebates, waivers and fast disbursements to make the mortgage course of simpler, it stated.
“The all-women branch with enhanced focus on adding women borrowers will be a showcase of empowering women and unlocking the potential in a vast untapped section of our society,” stated Renuka Ramnath, Non-Executive Chairperson, Vastu Housing Finance and Founder, MD & CEO of Multiples Alternate Asset Management.
