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New Delhi: In a bid to boost the realty sector and to achieve housing for all, six new companies have been given permission to rub housing finance operations by the National Housing Bank (NHB), reported The Financial Express on Saturday.

The NHB said, “As on date, the total number of housing finance companies registered with NHB is 72. New HFCs aim to focus mainly on the affordable housing finance segment and are likely to cater the housing loan needs of the EWS/LIG segment, contributing to achieving the goal of housing for all by 2022.”

These companies are Supreme Housing Finance, Nivara Home Finance, Khush Housing Finance Private Ltd, Bajaj Housing Finance Capri, Global Housing Finance Pvt Ltd and Hinduja Housing Finance Ltd, NHB said in a release today. With RBI recently allowing banks to give home loans up to 90 per cent of the value of the property that cost below Rs 30 lakh, the latest NHB step will also help the housing sector in a big way.

The RBI facility was earlier available only in cases where the cost was up to Rs 20 lakh. Now, it will benefit those who plan to purchase properties in the range of Rs 20-30 lakh.

Following RBI’s notification, NHB too lowered loan-to-value ratio for affordable housing loans to 90 per cent.

No housing finance company should grant housing loans to individuals up to Rs 30 lakh with LTV ratio exceeding 90 per cent, NHB said. For loans above Rs 30 lakh and up to Rs 75 lakh, LTV ratio cannot exceed 80 per cent, it said.