NEWS & ADVICE : HOME LOANS
Home loan applications with women as first applicants get preference in sanctions
By Joseph Samson
Jan 7, 2013
Print    Email    RSS   

Those applying for home loans should get put their wives as first applicants in their loan applications to get preferred sanctions.

A senior executive of LIC Housing Finance has said that according to data compiled by them, loans provided to women or with women as first applicants, in joint home loans, have regular and disciplined repayments.

Reportedly, one of the largest housing finance companies in India, LIC Housing Finance, has doled out about 8 lakh loans, out of which about 1.7 lakh loans have been provided to women. The executive also added that the company would like to increase the number of its women borrowers.

With the objective of attracting more women loan applicants, the company is offering loans at 25 basis points lower rate than the usual interest rate under its ‘Bhagya Lakshmi' scheme.

Industry experts believe there are many reasons as to why women are prompt with their repayments. The reasons range from resisting the situation of losing a house due to default in loan repayment to the perception of women being more committed in their financial matters.


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
The Home Loan Rate Pendulum
Admissible deductions under Section 80C
Bank of Maharashtra reduces home loan rates
Reasons for rejection of loan application
Identify the cheapest home loan offer


MY PAN NO AGWPP8425C PL CHECK MY CIVIL AND MAIL ME...
getting loans rejected due to cibil
27590100013364 present balance
statment of home loan in indiabulls
APPLY FOR URGENT LOAN
can i take dsa of sbi , hdfc, icici, axis bank?

NEWS THIS WEEK
OBC bank reduced home loan rates by 0.5% Sep 4, 2014
RBI asked banks to set time frame for sanctioning loan Sep 2, 2014
Sundaram BNP Paribas Home Finance offering the home loans at lower rates Aug 29, 2014
Corporation bank inaugurated new branch in New Delhi Aug 28, 2014
Reduction in home loan rates by SBI Aug 27, 2014
News Archive