ABHFL's Pragati Home Loan: Flexible Path to Affordable Homeownership

• Aditya Birla Housing Finance (ABHFL) launched Pragati Home Loan to promote financial inclusion and accessible homeownership.
• The loan is tailored for salaried and self-employed individuals, including those without formal income proof, offering flexible eligibility and documentation.
• Key features include minimal paperwork, digital onboarding, loan amounts from 5 Lakhs to 1.5 Crore, and repayment tenures up to 30 years.
• Pragati Home Loan covers up to 90% of the property's market value for various uses like purchase, construction, and home improvement.
• This initiative aims to support India's affordable housing segment by simplifying access to home loans for aspiring homeowners.

Why It Matters: It enables more people to own homes, especially those with informal incomes.