LIC Housing Finance has witnessed increase in home loan demand from women with its exclusive home loan scheme for women, ‘Bhagyalakshmi’. It has sanctioned almost 40% of the loans to women in the January-March quarter. Out of the Rs 7,842 crore home loan amount sanctioned in the quarter, women borrowers, numbering 13,700, accounted for Rs 3,154 crore.
Women borrowers under the Bhagyalakshmi scheme get 0.25% interest rebate for the entire tenure of the home loan. The rate of interest is fixed for the first two years from the date of the first disbursement and is floating thereafter. There is good demand for home loans from women in Bangalore, Mumbai and Pune.
