PNB Housing launches online deposit facility

PNB Housing launches online deposit facility


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PNB Housing Finance, the country’s 2nd largest housing finance company by deposit book size, has launched a facility of online deposits, both on its website and mobile app.

The company is also offering an attractive rate of interest of up to 8.45% per annum for a 44-month deposit, marking a rise of 35 bps over the last ROI.

PNB Housing is adept at bringing the highest level of convenience and unparalleled service to its customers. It thrives on digital interventions that bring ease in transacting with the company, anywhere and anytime.

The latest addition will allow applicants to create deposits in just three simple steps with the help of e-KYC and digital signatures. Auto-renewal and online redemption are the other distinctive advantages of the feature.

The leading housing finance firm is also offering an attractive rate of interest of up to 8.45% p.a.

Shaji Varghese, Executive Director and Business Head, PNB Housing Finance, said, “Online deposit facility is a relatively new service in the housing finance sector. The paucity of time for many has led to the expectation of getting every service at a touch of a button and our online FD service does just that.

In fact, the auto-renewal and online redemption features are also new to the sector. So, anyone can create an FD without having to walk into a branch or call customer care, and that, too, in just about 10 minutes. As the entire process is automated, it eliminates the need for a physical KYC.”

PNB Housing Finance is one of the few deposit-taking housing finance companies (HFCs) offering competitive interest rates. As of June 30, 2018, the deposit book size stood at Rs. 11,724 crores. As of June 30, the company also ranked 5th among leading HFCs with assets under management at Rs. 68,578 crores.

 Disclaimer: 

All inputs from PNB Hosing Finance.

Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited.

35 thoughts on “PNB Housing launches online deposit facility

  1. We have taken our home loan from PNB Housing loan and it was pretty smooth. Financial decisions are very important and its always good when you go with the reputed brand name.

  2. A self-owned house is a dream of every family. The rates of PNB Housing Finance is quite affordable. I didnt know that they are the 2nd largest in India. Thanks for sharing all the details here.

  3. This is a great information for people looking for housing finance. I have just shared this article with my husband. We have been thinking of getting our own house but my husband thinks that getting a loan is a big hassle, hence been avoiding this. Hopefully, this will help him in taking a decision.

  4. Thank you for this informative post. Online deposit facility will bring so much more business specially from busy families. Thanks for sharing the insights about housing loans.

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