By Accommodation Times News Sevices
DHFL Vyasya Housing Finance Ltd has initiated a new scheme for funding rural housing naming ‘Rural Housing Fund’, where they will provide low interest rates on home loans in rural areas. As per the scheme home buyers can avail themselves of loans at interest rates starting 9.6 per cent for 15 years at fixed for the first 7 years and variable thereafter.
Under ‘Rural Housing Fund’ scheme, customers can avail themselves of a housing loan of up to Rs. 15 lakh for a tenure of 15 years, for purchase or self-construction of a residential unit, home loans, home extension loans, and home improvement loans.
Rural areas include places/villages with a population of up to 50,000 as per 1991 census.
According to R. Nambirajan, Managing Director, “DHFL Vysya has predominantly been focusing on rural areas, in alignment to which our operations and branch set-up have been established. We would like to make use of this attractive rate of interest to be more competitive in this market space.”
The housing finance company said it also offers customers free legal and technical guidance to assist them in their home buying/self-construction.