PNB Housing Finance is hoping to disburse around Rs 13,000 crore loan in current fiscal (FY21), and expects demand to pick up around October-November with the onset of festive season. Demand from mass housing statement has started picking up post relaxations in coronavirus-induced lockdowns and gradual reopening of economy.
The company had disbursed loans of about Rs 694 crore (Rs 674 crore retail loan and Rs 20 crore corporate loan) in the first quarter ended June of 2020-21 as against Rs 7,634 crore in the year-ago quarter.
PNB Housing Finance is a registered housing finance company with National Housing Bank (NHB). They provide housing loans to individuals and corporate bodies for construction, purchase, repair and up-gradation of houses.
