Fullerton India Home Finance Company Limited which operates under the brand Grihashakti announces the launch of ‘Grihalakshmi’ – a home loan product specially designed for women borrowers. This product encourages salaried and entrepreneurial women in urban and semi-urban India to help build a home for their family and create asset ownership on the basis of their income.
The rate of interest on these loans is competitively priced, from 9% onwards for a housing loan and 11.50% onwards for non-housing loans. The loan ticket size for Grihalakshmi will range from Rs 5 lakh to Rs 5 crore.
Commenting on the launch, Mr. Ravindra Rao, Chief Executive Officer, Grihashakti said, “At Grihashakti, we strongly believe that women need to be encouraged to buy homes and take loans in their name. Owning one’s own home gives a great sense of financial security. We see women actively participating in taking key family decisions of buying homes and therefore this product would help them fulfill their dreams”
Launched in early 2016, Fullerton India Home Finance Company Limited (which is a wholly-owned subsidiary of Fullerton India Credit Company Limited), provides retail and affordable home finance solutions across 41 branches spread across 9 states.
About Grihashakti – Fullerton India Home Finance Company Limited:
Grihashakti is a National Housing Bank registered housing finance company in India and a wholly owned subsidiary of Fullerton India Credit Company Limited. The company is headquartered in Mumbai and operates through a network of 41 branches spread across 9 states – Gujarat, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan, Tamil Nadu, Andhra Pradesh, Telangana and West Bengal.