Chennai – Nov 16, 2019: The 22nd edition of LIC Housing Finance Ltd’s Exclusive Mega Housing Property Fair, “UNGAL ILLAM 2019” is being organized at Rajah Muthiah Hall, Egmore, Chennai on 16th & 17th of November 2019. The Fair is inaugurated by Mr. Siddhartha Mohanty, Managing Director and CEO, LIC HFL today at 10:35 AM. The Title Sponsor for this year’s edition is Nova Lifespace Pvt. Ltd. The Fair is an ideal opportunity for home buyers to get exciting deals on numerous properties on display.
Mr. Siddhartha Mohanty, MD & CEO, LIC HFL: “UNGAL ILLAM, over the course of two decades and more has become a marquee Property Fair event in Chennai after a modest beginning in 1997 with 15 participants. It has gained wide acceptance amongst Customers and Property Developers as one stop shop for property needs. This year too, we have good participation from Developers. Customers can find broad range of properties that suits their budget. On the loan assistance front, customers can avail benefits like spot loan sanction and refund of processing fee offers.”
This year’s Fair has participation of more than 40 Builders / Developers who have on display over 100 projects ranging from low budget to luxury category. The Fair brings under one roof properties of varied ranges and financing options from LIC HFL.
LICHFL Officials at the Fair are providing on the spot guidance regarding the technical aspects and loan eligibility to enable customers make informed decisions. Customers can identify properties according to their eligibility & budget and can avail spot loan sanctions. Customers’ opting for housing loans from LIC Housing Finance Ltd. can avail benefit of full refund of processing fee provided the loan is applied before 30th November 2019 and disbursement is availed before 31st December 2019.
The Company’s home loan interest rate starts at 8.35% onwards with maximum tenure of 30 years. Additionally, eligible borrowers under Pradhan Mantri Awas Yojana Credit Linked Subsidy Scheme (CLSS) can get subsidy of up to Rs.2.67 Lakhs on their Home Loans.
Southern Region of LIC HFL has around 19% of the loan book of the Company. The Southern Region comprises states of Tamil Nadu, Puducherry and Kerala. It is represented through a network of 49 Marketing Offices and 5 Back Offices. Chennai and its suburbs alone have 19 marketing offices. For the year ended on 31st March 2019, the Region disbursed around Rs. 7342 Cr.