The Economic Times
Housing finance startup, Khush Housing Finance, provider of house loan of economically weaker sections and urban poor in India, opened its first office in the state of Gujarat at Ahmedabad.
“Gujarat is the state that set the narrative of growth and development in the country. Being a dynamic and industrious society, the state has a host of youngsters aspiring to become first time homeowners” said Amit Magia, CEO & Managing Director, Khush Housing Finance Limited. It has recently been allotted a certificate of registration from National Housing Bank in October 2015.
Its target customers are people would be availing central government scheme- Pradhan Mantri Awas Yojana, where it allows Credit Linked Interest Subsidy component of 6.5 per cent is offered on housing loans availed up to a tenure of 15 years to EWS/LIG categories, wherein the subsidy pay-out on NPV basis would be about Rs. 2.20 lakh per house for both the categories.