MotilalOswal Home Finance starts operations in UP with a new branch in Meerut
MOHF Targets affordable housing financesegment
● A fresh start of Uttar Pradesh operations and planning to explorethe market further
● The average ticket size of loans will be targeted at Rs. 12 lakhs
Meerut, March 15, 2022: Motilal Oswal Home Finance Ltd. (MOHFL), oneof the leading new age Housing Finance Companies in India, today announced itsnew branch opening in Meerut, Uttar Pradesh. MOHFL wishes to exclusively &aggressively meet the housing finance needs of lower & middle income (LMI)groups and in the process pave the way to meaningfully contribute towards theGovernment of India’s ambitious goal of "Housingfor all by 2022". MOHFL is offering affordable home loans for purchaseor constructing a house within a 50km radius of the Meerut branch.
MOHFL has opened its office at Meerut at “121/1, 2ndFloor, Mangal Pandey Nagar, Near Sale Tax Office, Meerut-250004”. DharmendraSingh of Motilal Oswal Home Finance will head the branch and he can be reachedon 9837070577.
The Meerut branch of MOHFL wasinaugurated on 13 March 2022 by MrManish Singh, Chief Business Officer, MOHFL with the other seniorexecutives from MOHFL.
According to Mr Manish Singh, CBO, MOHFL,“The opening of the branch in Meerut isyet another step towards increasing our presence in UP. The government hasallocated Rs 48,000 crore for the completion of 80 lakh houses under the PMAYscheme in the financial year 2022-23. Since we are into the affordable housingspace, we are confident of playing a significant role in the mission “Housingfor all by 2022”.
Key Highlights
In MOHFL customers canexperience the paperless procedure and availing a loan with a digital Journeymakes a completely seamless experience and hassle-free.
Think Home Loans. Think Motilal Oswal
About Motilal Oswal Home Finance Limited:
About Motilal Oswal Home FinanceLimited (MOHFL), is registered with NationalHousing Bank (NHB) and is amongst the leading new age Housing Finance Companiesin India having its presence across 11 states in Western, North-Central andSouthern India.
The company is aprofessionally managed housing finance company with unique combination offinancially sound and technically experienced parentage having built publictrust of over 4 decades in the domain of financial services. The group is knownfor their professional ethics, robust knowledge and strong executioncapabilities. The company works on the business philosophy of financial inclusionof Lower Income Group Indian families by providing them an access to long termhousing finance.
MOHFL is a subsidiary of Motilal Oswal Financial Services Limited (MOFSL).MOFSL is a well-diversified, financial services company focused on wealthcreation for all its customers, such as institutional, corporate, HNI andretail.
MOHFL is registered withNational Housing Bank (NHB) under section 29A of the National Housing Bank Act,1987 as a HFC under section 29A of the National Housing Bank Act, 1987 vide Certificateof Registration No. 05.0111.14 dated May 19, 2014.
For Further Details Contact
Rohini Kute
GroupHead – Corporate Communication, Motilal Oswal Financial Services Ltd
Rohini.kute@motilaloswal.com