Prefinance option is available for financial institutions that do not have an existing mortgage loan portfolio however intend to enter into housing finance market. Alternate collateral i.e. PIBs, T bills etc. can be given as temporary security which will be replaced with eligible mortgage portfolio once created.
Prefinance is available in both Conventional and Islamic Shariah-compliant mode of finance. Target market for this product consists of Financial Institutions (FIs) including Banks/DFIs/HFCs/MFBs/MFIs/NBFCs.