Finance Desk – Bajaj Housing Finance Ltd (BHFL) has recently launched ‘Sambhav Home Loans’, marking its entry into the affordable housing market. This is specially designed to cater to first-time homebuyers in the unserved and underserved segments.
With an income eligibility starting at just ₹10,000 per month and offering loan amounts starting from ₹10 lakh. This proudct aims to make home ownership more accessible.
This move by BHFL provide financial solutions to those who might not typically qualify for conventional home loans due to their income levels.
Additionally, BHFL has filed preliminary documents with the Securities and Exchange Board of India (SEBI) to raise ₹7,000 crore through an initial public offering (IPO). The IPO is set to include a fresh issue of equity shares worth up to ₹4,000 crore and an offer for sale of equity shares worth ₹3,000 crore by its parent company, Bajaj Finance Ltd.
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