As a micro housing finance company, most of our loans will go toward construction, so the first loan category will cater to those who have a plot of land and are building a house.
The second kind of loan will finance outright purchase of a home, or flat. Particularly in the case of flats, in Eastern India, not too many builders and developers cater to our target customer segment. As the supply of such low-cost flats increases, we will finance them.
The third category is home repairs and extension. Someone has a house with some space, so he adds a couple of rooms or builds another floor, and he becomes our customer.
The final category is loan against property. Example, someone with a business needs some capital, and he can mortgage his house with us against a loan.