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LIC Housing Finance plans disburse 10% loan to developers

Comments(2) Sub Category:Mumbai,Realty News Posted On: Sep 04, 2012

LIC Housing Finance, a subsidiary of Life Insurance Corporation of India (LIC), plans to disburse around 8-10 per cent of its total loan portfolio to developers by the end of this fiscal.

Presently, around 6 per cent of the NBFC’s  total loan portfolio constitutes of developer loan.

By the end of June quarter, LIC HF’s outstanding loan portfolio was at around Rs 65,650 crore, which was a 24 percent growth over the same period last year.

While individual loans constituted 94-95 per cent of the portfolio, developer loans comprised 5-6 per cent of the total amount.

LIC HF’s sources also stated that there is no concern on their asset quality.

To read more real estate news:

HUDCO restarts lending for home purchases

 

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