India Mortgage Guarantee Corporation: Extend Mortgage Guarantee to Banks Against Defaults by Home Loan Borrowers..!

The National Housing Bank (NHB) has formed a joint venture company, India Mortgage Guarantee Corporation, to extend mortgage guarantee to banks &  HFCs against defaults by housing loan borrowers.

The move is likely to soften the interest rates on housing loan. Mortgage guarantee will help expand the housing finance sector along with stability.


It will also boost the housing sector by making housing loans more accessible to a larger segment of the population.
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