PNB Disburses Rs 350-Cr Home Loans During Expo
Organises one-day home loan expo in Hyderabad on Friday
V Rajashekar Reddy, President, Credai Hyderabad, handing over a cheque to a PNB bank loan borrower, in Hyderabad on Friday
Hyderabad: Punjab National Bank (PNB) organised a one-day home loan expo in Hyderabad on Friday, attracting a large number of visitors, particularly from the Hitech City area. The bank generated 450 leads and disbursed home loans worth Rs 350 crore in the Hyderabad region.
The expo was inaugurated by Deepak Kumar Srivastava, General Manager and Zonal Head of PNB Hyderabad Zone, as the chief guest, and V Rajashekar Reddy, President of Credai Hyderabad, as the guest of honor.
On PNB’s approach in sanctioning home loans, Srivastava said: “In just the last seven days, we have approved 172 projects. Our home loans, offered at a competitive 8.4 per cent annual interest rate, are designed to help people realise their dreams of owning a home.”
PNB, the second-largest bank in India after the State Bank of India, operates with 90,000 branches across the country. Acknowledging the bank’s relatively smaller footprint in South India, Srivastava emphasised its 18 per cent growth rate in the region. He also expressed gratitude to Credai Hyderabad for its support in organising the expo.
Speaking on Hyderabad’s real estate sector, V Rajashekar Reddy said that the city’s rapid development and employment opportunities make the city an attractive destination for homebuyers. He reassured buyers that GHMC and HMDA-approved projects would not be affected by the HYDRAA operations.
“Hyderabad remains the most dynamic city in India, with a strong real estate market. The demand for homes is rising, and prices are expected to escalate in the future, making this a golden opportunity for homebuyers,” Reddy added.
The event concluded with the handover of high-value bank cheques to over 10 home loan borrowers.
