27 May 2002

GIC Housing special schemes for women
Chennai: GIC Housing Finance Ltd (GICHFL) will soon be introducing new schemes with flexibility in terms of repayment and interest rates, says GICHFL chief executive N Sowmyan.

Sowmyan says the schemes will be made available for women and people on the verge of retirement. The mode of repayment could be chosen according to ones financial capability. The new products will be introduced in a fortnight and even the existing customers could change over, if they wish.

The free personal accident policy for women will provide better cover, he says. GICHFL had sanctioned approximately Rs 260 crore as loans and disbursed around Rs 230 crore last year. During the current year, the sanctions and disbursements targets have been fixed at Rs 400 crore and Rs 300 crore, respectively.

Can Fin Homes plans to lend Rs 540 crore
Kochi: Can Fin Homes Ltd, one of the largest bank-sponsored housing finance companies in India, is planning to sanction loans amounting to Rs 540 crore and disburse Rs 475 crore in the current financial year.

The company had achieved a profit after tax of Rs 19.81 crore for 2001-02, which is an all-time record. The loan sanctions in Kerala amount to Rs 135 crore and disbursements Rs 120 crore, of which sanctions amounting to Rs 30 crore and disbursements amounting Rs 27 crore have been made through its Kochi branch, says Mr Can Fin Homes managing director G Umesh Shenoy.