LIC Housing Finance disburses-provides Rs 1,331 crore worth of loans via a mobile app
LIC Housing Finance Limited (LICHFL) on Friday said it has disbursed Rs 1,331 crore worth of loans through its mobile banking app in the last 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 begins from a low of 6.90 percent for loans up to Rs 15 crore depending upon the CIBIL score.
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