Srinagar: J&K Bank has entered into a financial tie-up with M/s 8 Boundary Builders Pvt Ltd., a reputed housing company in Jammu and Kashmir.
The bank’s Vice-President Strategy & Business Development, Tabassum Nazir, signed the Memorandum of Understanding (MoU) with the Executive Director of the company, Rajesh Rathore, in presence of General Manager of 8 Boundary Builders, Aamir Suharwardy, at the bank headquarters in Srinagar.
Shortly after signing the agreement, Tabassum Nazir said, “Amid growing urbanisation, J&K Bank has renewed its focus on the housing sector in the state. Providing finance for housing needs of our customers through such tie-ups is part of the renewed emphasis.”
The J&K Bank has recently revised its housing loan scheme to meet changing customer needs. With relaxed eligibility criteria and improved quantum of finance, J&K Bank’s housing finance has one of the best interest rates in the industry.
M/s 8 Boundary Builders Pvt Ltd currently develops modern residential flats at Bathindi-Jammu under the project called SAFA VALLEY, which claims to be one-of-its-kind venture to revolutionise concepts of fine living. Through the tie-up, all the business units of the bank across India will provide housing finance for the residential flats in SAFA VALLEY.