Star Housing Finance (Star HFL) secures a record term loan of Rs 50 crore from the State Bank of India (SBI). The funds will be used for onward lending in operational areas, aiding credit access for EWS/LIG home buyers.
The credit line will be utilized for retail lending through branch offices and Points of Presence. The move aims to strengthen liability programs, complement asset growth, and promote home ownership.
Star HFL (formerly Akme Star Housing Finance) focuses on providing loans for residential and commercial properties. The partnership with SBI signifies a significant stride towards enabling wider EWS/LIG home ownership.
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