PNB Housing Finance to start Loan Against Property from April 2025, says MD & CEO Giris...

This report covers key India-focused updates related to loans, EMI, interest rates and banking. PNB Housing Finance to start Loan Against Property from April 2025, says MD & CEO Girish Kousgi PNB Housing Finance will start Loan Against Property (LAP) as a separate segment from April 2025, managing director and chief executive officer Girish Kousgi said. “LAP vertical, we are going to start from April 2025. This will be the new vertical, which again would help us on profitability because LAP would come at a higher business and this vertical actually cuts across all the segments,” Kousgi said while unveiling strategic growth plans in Mumbai. He also said that LAP vertical will be under retail segment.