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        <h1>Housing finance firm launches affordable home loans up to Rs 20 lakh for EWS/LIG with simplified digital onboarding</h1> A housing finance company has launched a home-loan product targeting Economically Weaker Section and Low-Income Group households, offering loans up to Rs. 20 lakh for RERA-approved homes up to 60 sq.m with tenure up to 30 years (25 years for certain self-employed/cash salaried borrowers) and household income eligibility up to Rs. 6 lakh. Features include minimal documentation, digital onboarding, doorstep services, and repo rate-linked interest, raising issues of consumer protection, fair lending and disclosure obligations, verification of informal income, and compliance with housing and lending regulations while aiming to expand affordable credit access.

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