Loan Against Property News - Jan 2017
17th Jan 17 LIC Housing Finance registers a 15 percent growth in its loan disbursements in third quarter of FY 17
LIC Housing Finance has reported an increase of 15 per cent in its loan disbursements at Rs. 9, 684 crore during October to December quarter of FY17 as compared to Rs. 8, 422 crore for the same quarter last year. The housing finance company has also registered a 15 per cent growth in disbursements for loan against property at Rs. 1, 35, 366 crore in the third quarter of FY17 as compared to Rs. 1, 17, 396 crore in the same quarter a year ago.
17th Jan 17 DHFL net profit increases by 38 percent in third quarter of FY 17
DHFL has registered an increase of 38 percent in its net profit at Rs 244 crore for the third quarter ending on 31st December, 2016 as compared to Rs. 185 crore in the corresponding period a year ago. The growth in profit has been contributed by a healthy growth in loan sanctions and disbursements as well as improved revenue and interest margin.
13th Jan 17 Standard Chartered Bank cuts loan against property rate by 1.25 percent
Standard Chartered Bank has reduced its interest rate on loan against property by 1.25 percent. The revised LAP rate now stands at 9.5 percent as compared to 10.75 percent earlier. The new rate is effective from 8th January, 2017.
11th Jan 17 IndusInd Bank registers a 29 percent growth in its net profit in third quarter of FY17
IndusInd Bank has registered a 29 percent increase in its net profit reported at Rs. 750 crore for October to December quarter in FY17. The bank achieved a growth of 25 percent in its retail and corporate loan book in the third quarter of FY17. The bank did not experience any significant slowdown in other retail and SME loan segments including loan against property, business and vehicle loan.
10th Jan 17 Bank of India cuts loan against property rate
Bank of India has reduced its loan against property interest rate by 60 basis points. The revised LAP rate now stands at 10.50 percent as compared to 11.10 percent earlier. The rate is effective from 7th January, 2017.
*My Finance Care Advisors Pvt. Ltd., or https://www.myloancare.in is a bank neutral multi bank platform that helps borrowers and bank customers compare loans and deposits of all banks in India at one place. Information carried at this website is based on perusal of public sources and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not assure as to the correctness of information carried at the website. Lenders/ banks/ other parties may contact us at info@myloancare.in to provide corrections or updates. We may act as and/ or be associated with channel partners of banks and other sellers of financial products.