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Grihashakti launches new home loan product

Fullerton India Home Finance Company, which operates under the brand Grihashakti, has launched ‘Grihalakshmi’, a home loan product specially designed for women borrowers. Grihalakshmi is targeted at salaried and entrepreneurial women in urban and semi-urban India helping them have 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 11.5% onwards for non-housing loans. The loan ticket size for Grihalakshmi will range from Rs 5 lakh to Rs 5 crore. Launched in early 2016, Fullerton India Home Finance Company, provides retail and affordable home finance solutions across 41 branches spread across 9 states.

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