HDFC sanctions Rs 47,000 crore home loans to over 2 lakh homebuyers
7th Sep 2020

Housing Development Finance Corporation (HDFC) has approved home loans of over Rs 47,000 crore to more than 2 lakh first-time homebuyers belonging to the Economically Weaker Section (EWS), Low Income Group (LIG) and Middle Income Groups (MIG), under the government's Credit Linked Subsidy Scheme (CLSS). The company has passed on interest subsidy of more than Rs 4,700 crore to these beneficiaries. The company has been partnering and supporting the Ministry of Housing and Urban Affairs and the National Housing Bank (NHB) to work towards the government's goal of 'Affordable Housing for All'.

HDFC offers a whole gamut of products like loans to individuals, loans to corporates, construction finance, and lease rental discounting. The financial conglomerate has subsidiaries and associates in insurance (general and life), asset management, education finance, venture funds and banking services.