Financing is one of the major activities of the National Housing Bank. NHB extends financial support through refinance and direct finance to a large set of lending institutions.
Refinance is extended to primary lending institutions (PLIs) in respect of eligible housing loans extended by them to individual borrowers. Refinance is provided under its various schemes
NHB also provides direct finance to public housing agencies such as, State Level Housing Boards and Area Development Authorities for large scale integrated housing
NHB has played a lead role in starting up Mortgage Backed Securitisation and development of a Secondary mortgage market in the country. NHB launched the pilot issues.