Leading housing finance company, IIFL Home Finance Ltd. is looking to set new benchmarks in the country with its latest branch in New Delhi.
The new branch located at Laxmi Nagar will promote ‘Sammaan- Loan Against Property’, a specialized product by the company that allows customers to fund their financial requirements. This branch will cater to customers who are looking for a loan to fund requirements of starting a new business, meet long team working capital needs or simply fund education or marriage of children.
‘Sammaan LAP’ allows customers to convert their moveable and immovable property into cash as per their financial requirements. The branch will offer loans of up to Rs.10 crores with a maximum tenure of up to 15 years. Customers can avail loans at flexible repayment options with minimum documentation and up to 65%(55%) of the market value of residential (commercial) property.
Speaking at the occasion, Mr. Vikas Kapoor, Regional Sales Manager, IIFL Home Finance Ltd. said, “With our latest branch in Laxmi Nagar, IIFL Home Loans has spread its presence to more than 100 branches across India. We want to take this as an opportunity to support customers who want to start their own small-scale business or fund education of children or small self-help groups planning to spread their business. This branch will also provide balance transfer of loan against property along with an additional top-up”
The branch was inaugurated by Mr. Monu Ratra, CEO, IIFL Home Finance Ltd. amid the presence of other dignitaries and a large number of public. IIFL Home Finance Ltd. received ‘Best Performing PLI under EWS/LIG – Second’ from Ministry of Housing and Urban Affairs, Govt. Of India at Transforming Urban Landscape event held in July this year.