Capri Global Housing Finance Ltd cut lending rates on home loans
As the joyous season is ushered in, Capri Global Housing Finance Ltd (CGHFL), one of the leading HFC has reduced the lending rate up to 2.5% for the fresh home loans and 1% for top-up loans. The offer will continue for three months till December 2019.
Speaking on the development, Mr. Rajesh Sharma, Director, Capri Global Housing Finance Limited said, “Over the last one year, Capri Global Housing Finance Ltd has seen nearly 220% growth in home loans book. Home buyers consider festive season as an auspicious time to buy properties. They not only look for special offers and discount from developers, but also look for better rates on home loan to make their purchase decision. Our festive offers have emerged as one of the biggest windows of revenue generation. We have seen our credit book increased by 45% during this period in last financial year. Our reduced rates along with the recent slew of measures adopted by the government for affordable housing has created an opportune moment for us to harness the consumption and boost credit peak. We are positive that in this festive season also our volume will increase substantially.”
To add fervour to the festive season, CGHFL has also lowered the application fee to a flat INR 2000 for the home loan borrowers across all the cities. During the offer period, the customer can save up to 50% on the application fee that gets adjusted in the processing fee after the loan approval.
“CGHFL always consider the home buyers requirement and thinks on their best interest so that they can save their hard-earned money while getting introduced to credit system. Reduced application fee bargains a tangible reward to the home loan seeker. It enables them to save significant amount from the very beginning” said Mr. Sharma.