J&K Bank ties up with reputed housing company

Srinagar, Sep 26: J&K Bank has entered into a financial tie-up with M/s 8 Boundary Builders Pvt Ltd., a reputed housing company of the state.
The bank’s Vice-President Strategy & Business Development (S&BD) Tabassum Nazir signed the Memorandum of Understanding (MoU) with the Executive Director of the company Rajesh Rathore in presence of General Manager-8 Boundaries, Aamir Suharwardy at the bank headquarters in Srinagar.
Shortly after signing the agreement VP S&BD said, “Amid growing urbanization J&K Bank has renewed its focus on the housing sector in the state. Thus providing finance for housing needs of our customers through such tie-ups is part of the renewed emphasis.”
Notably, the Bank has recently revised its housing loan scheme to meet the 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.
Pertinently, 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 revolutionize the 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.