Housing loan
Source: The Sangai Express
Imphal, June 22 2019:
Panthoibi Housing Finance Company Ltd has conveyed that the company has been providing subsidised home loans to people under the Pradhan Mantri Awas Yojana Credit Linked Subsidy Scheme, Housing For All By 2022 Mission.
A press release issued by the company mentioned that the company, which is the first of its kind in the North East region, is also recognised by the National Housing Bank and is also licensed by the RBI.
The company is also recognised as a financial institute by the Ministry of Finance, Department of Finance under the SARFAESI Act 2002 .
The company aims to provide semi-pucca or pucca housing for the people of the State, it added explaining that the company facilitates only low cost and low interest loans.
Appealing the people to take benefit of the subsidised housing loan, the company explained that for urban areas, subsidies upto Rs 2.67 lakh are provided and added that those who are below 55 years of age and have a stable income of not less than Rs 21,000 per month can avail the loan.
For rural area, the age criteria is the same but the monthly income need not be less than Rs 15,000 per month, it added.
It also explained that private and Government em- ployees, van operators, autorickshaw operators and businessmen can also avail the subsidised housing loans.
It further informed that interested parties can also avail information about the recent Real Estate Villa Group (flat) of the company from the head office and branch offices.
There are 14 branches of the company at various locations, including Silchar and Guwahati, it added.