Aadhar Housing Finance Company Profile: Products, Promoters and Clients
Question 1: What are the products and services of Aadhar Housing Finance?
Aadhar Housing Finance helps people buy homes and get loans for property in India, focusing on those with low incomes. Here are the leading products and services they offer:
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1- Home Loans
- Home Purchase Loan: This product is for people who want to buy a new or pre-owned home. It can cover up to 90% of the property's value, depending on eligibility.
- Home Construction Loan: This loan is for customers who want to build their own house on land they own.
- Home Improvement Loan: They give loans for fixing up or making a house bigger.
- Home Extension Loan: These loans are for customers who want to add more space to their homes, like extra rooms or floors.
- Plot Purchase Loan: This product lets customers buy land to build a house.
2- Loan Against Property (LAP)
- Loan Against Residential Property: Customers can use their home as collateral to get a loan for things like growing their business, paying for education, or covering medical costs.
- Loan Against Commercial Property: Just like with residential properties, this product lets customers use commercial properties as collateral to get loans.
3- Balance Transfer Facility
- Home Loan Balance Transfer: Customers who have a home loan from another bank can move it to Aadhar Housing Finance for lower interest rates and improved terms.
- Balance Transfer with Top-up: Customers can transfer their loan balance and get extra money for personal or professional needs.
4- PMAY Subsidy Scheme
- Pradhan Mantri Awas Yojana (PMAY): The company helps with affordable housing through the government's program. Those who qualify can get subsidies on their home loans.
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5- Insurance Services
- Loan Protection Insurance: Aadhar Housing Finance provides insurance to protect loans if something unexpected happens. This insurance covers the remaining loan amount if the borrower dies or becomes disabled.
- Property Insurance: They offer property insurance to protect against damage from natural disasters, theft, or other risks.
Question 2: Who are the promoters of Aadhar Housing Finance?
The promoters and promoter Group of Aadhar Housing Finance Ltd. (i.e. Wadhawan Global Capital Ltd, Dewan Housing Finance Corporation Ltd., Kapil Wadhawan and Dheeraj Wadhawan
Deo Shankar Tripathi is the Managing Director and CEO of Aadhar Housing Finance. He was recognized and felicitated as one of the 100 Top Most Influential BFSI Leaders at the 'World BFSI. He holds a bachelor’s and master’s degree in science from Lucknow University. He has cleared the examination for a diploma in Public Administration from Awadh University.
He has also passed the associate examination of the Indian Institute of Bankers and has completed various certificate courses including the International Study Tour on “Energy Efficiency in Residential Buildings” from KFW Entwicklungsbank, Germany, and Strategy and Management in Banking Programme from International Development Ireland Limited. He has worked as a general manager at Union Bank, and president and chief operating officer at DHFL.
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