Regional Business center of LICHFL opened in City

Berhampur: LIC Housing Finance Limited (LICHFL), a subsidiary of the public sector, Life Insurance Corporation of India (LIC) is targetting to provide Rs 560 crore home loan in the eastern region, consisting of east and north east states, during the current financial year.The target is Rs 160 crore more than the loan disbursement of Rs 400 crore achieved in 2008-09. The total loan portfolio of the company in the region reached Rs 1583 crore by the end of March, 2009 across 37,820 accounts, said AK Mahato, the regional manager of the LICHFL. In order to achieve the target, the company has opened two more Business Centers in the region. They are located at Berhampur and Cuttack in Orissa. The new office in Berhampur would cater to the needs of the customers of southern Orissa districts including Ganjam, Gajapati, Rayagada, Koraput, Kalahnadi and Kandhamal.

Claiming the LICHFL is the second largest housing loan finance company in the country, the Mahato said, it has 126 marketing units across the country with 934 direct selling agents (DSA), 4865 home loan agents (HLAs) and 485 customer relationship associates (CRAs). The company is providing loans for homes, construction activities and corporate housing schemes. It also gives loans against rental income, property and to builders and corporates at nominal interest rate.

Source: Business Standard