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Developers loans

LIC Housing Finance plans disburse 10% loan to developers

LIC Housing Finance plans disburse 10% loan to developers
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 [...] Continue Reading »

Housing Scam may hit Properties Under-construction quite badly

Housing Scam may hit Properties Under-construction quite badly
Bankers would now exercise greater caution before sanctioning loans for project finance. Several bankers and housing finance executives said the guidelines would become more stringent across-the-board, particularly for project financing. Stung by Housing Loan Scam, banks and housing finance companies will seek additional security and add completion guarantee clauses into agreements before sanctioning loans to [...] Continue Reading »



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