SBI ties-up with 5 housing finance companies to further affordable loans to unserved : Rashtra News #SBI #tiesup #housing #finance #companies #affordable #loans #unserved The five housing finance companies (HFCs) are: PNB Housing Finance, IIFL Home Finance, Shriram Housing Finance, Edelweiss Housing Finance, and Capri Global Housing Finance. The country’s largest lender State Bank of
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The mortgage lender, which is part of the Shriram Group, has raised the fund from Canara Bank s London branch at 200 basis points over Secured Overnight Financing Rate (SOFR), a company official said. The fund was raised for three years. The overall cost with one-year hedging cost has come around 8.4%, the official said. This is in line with the company s average borrowing cost of 8.5%. One basis point is 0.01 percentage point.
Shriram Finance: The mortgage lender, which is part of the Shriram Group, has raised the fund from Canara Bank s London branch at 200 basis points over Secured Overnight Financing Rate (SOFR), a company official said.