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.