1 / 8

How can Mortgage Guarantee Benefit the Lenders associated with PMAY?

Here is how lenders associated with PMAY benefit with the help of mortgage guarantee

imgcindia7
Télécharger la présentation

How can Mortgage Guarantee Benefit the Lenders associated with PMAY?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. How can Mortgage Guarantee Benefit the Lenders associated with PMAY?

  2. The Prime Minister of India, Mr. Narendra Modi, gave everyone in this country a hope when he launched the Pradhan Mantri Awas Yojna, or PMAY, promising that every Indian will have a home by 2022. The program is being executed progressively as the development of many residential projects and houses are in progress. Several banks and NBFCs have come forward to help people in buying these homes by offering loans. Here is how lenders associated with PMAY benefit with the help of mortgage guarantee:

  3. Payment of EMIs A loan is considered NPA (Non-performing asset) if the EMI is overdue for 90+ days. The outstanding balance of all NPA loans will be paid to the lender if the loan is backed by mortgage guarantee.

  4. Maximized Profit Mortgage Guarantee covers many types of defaults against EMIs. This, by definition, means that lenders will not have to suffer significant losses if the homebuyer does not pay EMIs for a few months. The lender will keep receiving EMIs for mortgage guarantee backed home loans.

  5. Offers Better Loan Terms Since the risk of financial loss is almost negligible, lenders can offer better home loan terms to the buyers, like higher loan amounts and longer tenures. This will help both the lenders and homebuyers.

  6. Risk Management Mortgage guarantee backed loan means that the lender will have reduced risk of financial loss. The lender can, thus, use this for risk management to its advantage and confidently offer loans to more homebuyers.

  7. Improved Cash Flow The most important benefit of mortgage guarantee to the lenders is the improved cash flow. The lender will receive EMIs on time and thus, have a constant cash flow which it can utilize for its growth and other aspects of the business. Mortgage Guarantee is not only for lenders; both the borrowers and lenders will benefit from it. All a lender has to do is to process home loans with Mortgage Guarantee.

  8. Contact Us Address : India Mortagage Guarantee Corporation (IMGC) 9A, DLF Cyber City, DLF Phase 2, Sector 24, Gurugram, Haryana 122002 Phone: +91-124-4654900 Email: info@imgc.com Fax: +91-124-421-8510 Website: http://www.imgc.com/lenders/pmay

More Related