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LIC Housing Finance disburses Rs 1331 crore of loans through mobile app

19 Feb 2021 Evaluate

LIC Housing Finance has disbursed Rs 1,331 crore worth loans through its mobile banking app in the last one year. The 'Homy' app facilitated 14,155 customer home loan applications since its launch on February 14, 2020. 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.

LIC Housing Finance is one of the largest Housing Finance Company in India. The main objective of the company is providing long term finance to individuals for purchase or construction of house or flat for residential purpose / repair and renovation of existing flat / houses.

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