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
A chronicle of excesses by loan recovery...
This is how a bank lends money
Pre-pay your home loan
Carnival of Indian Personal Finance Blogs #2
Home loan rates likely to remain stable


Jacky 9535769374 Call Girls In Bangalore BTM LAYOUT
Get My Love Back Vashikaran Mantra molvi ji 7733009913
please serch and find home loan status
DYA @O978O56O514@ Call GiRl ludhiana Female EsCoRts...
HI Fi @~09780560514~@ Call GiRls In ludhiana EsCoRt...
HOW TO CHECK CIVIL STATUS

NEWS THIS WEEK
Kotak Mahindra Bank acquired ING vysya bank Nov 21, 2014
Canara Bank completed its 109 years of banking Nov 20, 2014
Syndicate bank to set up new banking branches Nov 10, 2014
Cheques processing should be done more carefully – RBI Nov 6, 2014
Indian Bank offering low rates on home loan and car loan Nov 4, 2014
News Archive