SAVE’s New Habitat Housing Finance launches in Indore
SAVE's New Habitat Housing Finance is ready to offer affordable home loans in Madhya Pradesh
Indore : SAVE Solutions Pvt. Ltd.’s housing finance arm, New Habitat Housing Finance and Development Limited (NHHFDL), has opened a new office in Indore, Madhya Pradesh. SAVE’s New Habitat Housing Finance is ready to offer affordable home loans in Madhya Pradesh, joining their existing presence in the National Capital Region (NCR), Bihar, Jharkhand, Rajasthan, Uttar Pradesh, and Uttarakhand. Customers in Indore and the surrounding areas can now visit the new branch at 327 & 328, Shree Krishna Divine, Marimata Square in Indore, Madhya Pradesh. Along with this, the company will soon open offices in Ujjain and Mandsaur, both in the Malwa region of the state.
With this action, we hope to increase the number of job openings for young people in the area and make home loans more accessible to the underserved population of would-be buyers. Those with less access to the traditional credit system can take advantage of the company’s Loan Products, which cover the full spectrum of housing loans (purchase, construction, renovation), as well as non-housing loans (loan against residential and commercial property).
“With the addition of the Housing Finance Subsidiary, the aim of the organisation has been to bring individuals into the realm of formalised credit in the affordable housing segment,” says Ajeet Kumar Singh (MD, CEO, and Co-Founder, SAVE Group). Providing access to credit for various customer centric needs has been the ultimate goal of the group all along, and this has been accomplished by increasing financial awareness and literacy via its parent company. We’ve all learned from the pandemic how crucial it is to have a safe, stable place to call home, and at New Habitat Housing, we’re working to meet that need. SAVE is determined to establish a presence in areas that are underserved by the traditional banking system, and this expansion into new territories is one way they are working towards that goal.
SAVE Group began its housing credit operations through NHHFDL in January’22 and since then the company has served around 600 new customers in the housing segment.
The new branch at Indore has been inaugurated by Mr. Ajeet Kumar Singh, MD, CEO & Co-founder, SAVE Group in the presence of the Indore Branch Team and the CEO of NHHFDL, Mr. Kaushal Kishore Singh. Highlighting the vision of the NHHFDL, Mr. Kaushal adds “The organization is trying to reach the informal segment of customers belonging to Lower Income Groups, and Lower Middle Income Groups; who are dreaming of having their own homes. Our particular focus is on those individuals who are unable to avail loans from the bank but have sufficient income to pay the loan through smaller EMIs. SAVE’s New Habitat is dedicated to ensuring that the process of home ownership is eased for the home buyers particularly in tier 2 and tier 3 cities.”
About SAVE’s New Habitat Housing Finance and Development Limited
New Habitat Housing Finance and Development Limited (NHHFDL) is an NHB registered Housing Finance company that is focused on offering home loans to affordable Housing segment. The Company is now part of the SAVE Group. The parent company SAVE Solutions Pvt. Ltd. is one of India’s largest Banking Correspondent Networks. It encompasses a network of 12000+ CSPs, which service over 21 million rural Indians residing in 8600+ villages, that are spread across 559+ districts in 28 States and 3 Union Territories.
NHHFDL has joined hands with three other subsidiaries of SAVE Group, namely SAVE Microfinance Pvt. Ltd., SAVE Financial Services Pvt. Ltd., and SaGgraha Management Services Private Limited to together offer a bouquet of financial services and products under one roof.