New Delhi, March 26 The National Housing Bank (NHB), the apex agency established by the government to promote an affordable housing finance system, has launched the Gruh Sugam Portal.
The portal enables defence/government personnel to easily obtain home loans from their posting location, NHB said in a statement on Thursday.
This portal will accelerate the adoption of digital lending and financial inclusion, it said.
It will facilitate increased home ownership through improved access to housing loans, strengthening the mission of promoting affordable and sustainable housing finance, it said.
Defence personnel, members of paramilitary forces, and government employees (state and central) can apply for housing loans digitally through their respective administrative units, and there is no need to visit banks and financial institutions for loan approvals and processing, it said.
The portal enables the government entity to register and access the facilities of the portal, adding that employees can register their request for a housing loan with minimal data, which is then relayed to the registered lending institutions.
The lending institutions will provide their best offer, which can be compared and accepted by the loan applicant, it said.
This will improve the ease of accessing home loan facilities, especially for defence/paramilitary forces from remote locations, thereby increasing affordable home ownership in the country, it added.