Tata Capital Housing planning to boost loan portfolio
Tata Capital Housing Finance is planning to boost its loan portfolio by 30 percent annually and expects it to reach around Rs 10,000 crore this fiscal. The company’s managing director, R Vaithianathan said that they have a plan to grow by 30 percent annually. At present, our overall loan portfolio is at around Rs 7,500 crore and if everything goes well, this year we will be closing at around Rs 10,000 crore.
He said the company’s affordable housing loan portfolio is at Rs 1,800 crore and it plans to more than double in next 2-3 years. Meanwhile, the company, which is a subsidiary of Tata Capital, today launched a home loan scheme in the affordable housing segment across small towns and semi-rural areas and for the urban poor.
Under the scheme, properties falling under the classification of rural housing as per the National Housing Bank norms will be offered home loans of up to Rs 15 lakh at an interest rate of 9.75 percent.
The company is taking rapid steps in order to boost its loan portfolio.
Source: The Asian Age
affordable housing loan, affordable housing project, Affordable housing schemes, National Housing Bank, R Vaithianathan, Tata Capital Housing Finance
