Birla Home Finance Limited is better known as BHW Home Finance
Birla Home Finance Limited is better known as BHW Home finance, following the take over of the company by BHW Holding AG, after buying out its equal joint venture partner, the K.K.Birla flagship unit Chambal Fertilisers and Chemicals. BHW further merged with Deutsche Postbank Group of Germany, thereby becoming a member of Germany's biggest retail bank and the Group. With over 15 million customers today, Postbank is Germany's leading financial services provider, both in terms of customer numbers and key products. BHW Home Finance Ltd., a National Housing Bank (NHB) registered Company, is a 100% MNC housing finance company.
Headquartered in New Delhi, the company has a network of 40 branches and satellite offices across India. Registered with the National Housing Bank, it has become the fastest growing financial entity. Over time, BHW has established a reputation for itself with an innovative range of home loan products and one of the best service levels in the country. The company provides housing loans for purchase, construction, extension and renovation of property. BHW Easy Home loans are provided for outright purchase of flat or any ready to move-in property, or for properties under construction. BHW finances up to 85% maximum of the cost of the property, which is inclusive of agreement value, stamp duty and registration charges.
Types of BHW Home Loan
In BHW Easy Step-Up Loans, borrowers have the option to pay smaller amounts (EMI) initially and proportionally larger amounts (EMI) during the later part of the tenure. This
home loan product has been specifically designed for young executives, whose earning power would increase as they move up the career ladder. BHW Easy Build Loan is provided for self-construction of a residential property with the company financing up to 90% of the construction cost. The maximum tenure of the loans offered is about 20 years. Other types of loans include Loan against Residential Property, Easy Extend/Easy Land Cum Construction (Loan for land, construction and housing needs), Easy Upgrade (Loan for upgrading the existing house) and Easy Bridge (Loan for purchasing a new property by selling an old one).
Find more information on BHW Home Loan feel free to visit :
http://www.rupeetalk.com/home-loan/compare-and-apply-bhw-birla-home-loan/
Bajaj Allianz ties-up with Birla Home Finance
PUNE: Bajaj Allianz Life & General Insurance companies and BHW Birla Home Finance Ltd have entered into a memorandum of understanding (MoU) to enable faster mutual growth.
The agreement is for jointly providing comprehensive product portfolio of life and general insurance policies, home finance, deposit schemes and tailor made multi-finance solutions.
"This would strengthen our position as an integrated solution provider for all home and home finance related customer needs", said Ralph Haerke, managing director of BHW Birla Home Finance Limited. The three companies will also explore options to reach out to semi-urban and rural areas together, according to him.
The tie-up would also give them quick access each others' customer bases. The scope of the MoU will include creation of innovative combined products and joint marketing activities.
Incidentally, BHW Birla Home Finance has recently become a 100 per cent subsidiary of BHW Holding AG, which is the biggest retail home finance provider in Germany. It has 40 offices across the country. And while Bajaj Allianz General Insurance Company has garnered a premium of Rs 280 crore in the first five months of this fiscal, the premium collected by Bajaj Allianz Life Insurance Company was Rs 200 crore in the period.