News Business and Finance

LIC Housing Finance expends Rs. 1331 crore of loans through mobile app

0 blank 0
Read Time:58 Second

LIC Housing Finance on Friday said it has disbursed Rs 1,331 crore worth loans through its mobile banking app in the last one year.

It said the ”Homy” app facilitated 14,155 customer home loan applications since its launch on February 14.

More than 7,300 of these customers have had their home loans sanctioned. Of these, loans were disbursed to 6,884 customers amounting to Rs 1,331 crore so far, it said in a release.

“We are thrilled with the massive customer response received over the past year and aim to work towards the ultimate objective of organizing and automating every facet of customer interaction under Project RED (Reimagining Excellence through Digital transformation),” LIC Housing Finance MD and CEO Y Viswanatha Gowd said. The lender”s rate of interest starts from a low of 6.90 per cent for loans up to Rs 15 crore depending on CIBIL score.

After the endemic mobile banking is one of the easiest form for taking loans. Thus LIC is providing mobile app facility for the people to take loans. It is giving Rs. 1331 crore worth loans for housing finance.

Inputs- Money control

Ankita Chakraborty

blank

About Post Author

The Business Daily

The Business Daily is North East India’s first Financial News Portal. This Pink Portal covers all big breaking news from the world of Business, Brands, Politics, Entertainments, Sports etc.
Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %
blank
The Business Daily
The Business Daily is North East India’s first Financial News Portal. This Pink Portal covers all big breaking news from the world of Business, Brands, Politics, Entertainments, Sports etc.
http://www.thebusinessdaily.in

Average Rating

5 Star
0%
4 Star
0%
3 Star
0%
2 Star
0%
1 Star
0%

Leave a Reply

Your email address will not be published.