PNB Logement and CSC e-Governance join forces to make mortgage loans accessible


PNB Housing Finance (PNBHF) announced today that it has partnered with CSC e-Governance Services India, a strategic cornerstone of the Digital India program to provide last mile home loan facilities to people living in cities Level 2 and 3. This initiative will also help PNB Housing’s vision to contribute to the nation’s financial inclusion agenda.

In order to promote mortgage lending facilities and financial services in small towns across the country, the partnership will play a key role in giving wings to families’ dreams of owning a home. PNB Housing guarantees convenient and hassle-free loans for these clients every step of the way. To bring more ease and convenience, potential clients can apply for PNB home loans through its online home loan platform, ACE. CSC centers will also serve as delivery points for EMI payments and provide support to customers with online mortgage applications.

With this partnership, PNB Housing Finance aims to provide a door-to-door mortgage facility through CSC’s extensive network. The CSC will help create much needed awareness and guide local communities in their mortgage loan applications. This collaboration is one of the many measures taken by PNB Housing to support the country’s financial inclusion.

PNB Housing Finance Managing Director and CEO Hardayal Prasad said, “Our partnership with CSC has enormous potential for our country’s current Housing for All agenda. We aim to strengthen our determination to become a partner in housing for all by expanding our services. With this merger, we look forward to expanding the reach and accessibility of PNB Housing in the backcountry. ”

Announcing his partnership, CSC e-Governance Services India CEO Sanjay Kumar Rakesh said, “Our partnership with PNB Housing Finance will open new avenues for financial inclusion, as it will help people residing in remote areas to own a house. We can foster inclusive growth in society by providing such facilities even in the most remote areas of the country. “

Shares of PNB Housing Finance Limited were last trading on BSE at Rs. 640.35 from the previous close of Rs. 648.70. The total number of shares traded during the day was 13,123 in more than 1,046 trades.

The action hit an intraday high of Rs. 655.30 and an intraday low of 636.50. The net turnover during the day was Rs. 8,484,782.00.

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