IIFL Home Loan opens first 'Sammaan LAP' branch at Laxmi Nagar, Delhi
On the occasion of branch launch at Laxmi
Nagar, New Delhi, IIFL Home Finance Ltd. announced that this branch will
promote specialized product ‘Sammaan Loan Against Property’, a multi-purpose
loan that can be availed by customers to fund financial requirements.
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.
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