Published On : Tue, Dec 5th, 2017

Grihashakti reinstates its growth plan in Nagpur

Nagpur: Fullerton India Home Finance Company Limited which operates under the brand Grihashakti reinstates their commitment to Nagpur region by shifting to their first independent branch premises in Sadar from its old shared premises with its parent Company Fullerton India located at Trimurti Nagar. Apart from Nagpur, the company currently is present across Maharashtra through its branches located at Mumbai, Pune,Nasik, Ahmednagar, Amravati, Aurangabad, Jalgaon,Solapur, Kolhapur and Akola.

Grihashakti offers home loans in Nagpur to individuals majorly in the affordable housing segment. The Company also offers services across non-Housing categories, which includes Commercial Property Loans and Loan against Property.The loans offered are competitively priced and the ticket sizes ranges from Rs 1 lakh to Rs. 5 crore. The Company has also launched ‘Grihalakshmi’ – a home loan product specially designed for women borrowers. This product encourages salaried and entrepreneurial women in urban and semi-urban India to help build a home for their family and create asset ownership on the basis of their income. The rate of interest on these loans is competitively priced, from 8.99% onwards for housing loans and 11.50% onwards for non-housing loans. Maharashtra is a key market for Grihashakti with stable asset quality.

Commenting on the expansion plans, Ravindra Rao, Chief Executive Officer, Fullerton India Home Finance Company said “Nagpur isone of the main centre of trade and commerce in Maharashtra region and is expanding fast. We are aligned with the Government’s plan for this city and the launch of our new independent branch re-instates our commitment towards proving easy access to home credit.”

About Grihashakti – Fullerton India Home Finance Company Limited:
Grihashakti is a National Housing Bank registered housing finance company in India and a wholly owned subsidiary of Fullerton India Credit Company Limited. The company is headquartered in Mumbai and operates through 55branches spread across 9 states – Gujarat, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan, Tamil Nadu, Andhra Pradesh, Telangana and West Bengal.