Mumbai: Non-banking finance company Fullerton India on Thursday announced the receipt of housing finance licence from National Housing Bank.
The NBFC said it has set up a new housing finance company — Fullerton India Home Finance Company Ltd — as its fully-owned subsidiary.
Fullerton India Home Finance will largely cater to affordable housing in the lower and middle-income segments through Fullerton India’s branch network.
The new company will provide customers access to a diversified loan portfolio across loan against property, mortgage loans and home loans. The average ticket size of these loans will be in the range of Rs. 6-7 lakh.