LIC HFL’s HomY App Completes One Year Of Providing Home Loans At Your Fingertips -ANI

Bombay (Maharashtra) [India], February 19 (ANI / VRPR Digital): launched on February 14, 2020, the LIC HFL Home Loans (HomY) application was considered as part of the digital transformation plan for customer integration and sanctions via mobile.
Designed as a fully digital solution to give clients the ability to apply for home loans at their fingertips, the HomY app has been an effective tool for LICHFL and clients during the pandemic and in a post-containment world.
Rich in features and packed with one-click functions to apply for a loan, EMI home loan calculator, loan application tracking and other LIC HFL products, the HomY app is truly a one-stop destination for all needs. mortgage loan. Available for download from Android and iOS app stores, the HomY app has garnered over one million downloads from Google Play Store and 17,681 more from Apple’s App Store since its launch a year ago. .
During this period, the HomY app facilitated 14,155 home loan applications for clients with the added convenience of not going to a physical branch for the application process. Over 7,300 of these clients have had their home loans sanctioned and 6,884 claims have been made for Rs 1,331 crore to date.
“When we began our digitization journey with Project RED, we expected to make transformational changes to our operations to deepen client engagement and embrace cutting-edge technology to improve the lending experience. The HomY application is part of the RED project, and is an outstanding example of LIC HFL’s rapid end-to-end digitization journey. “said Y Viswanatha Gowd, MD and CEO of LIC Housing Finance, speaking on the occasion the end of one year of operation of the HomY application.
“We believe this will help us deliver a high customer experience. Our interest rate starts from a minimum of 6.90 percent for loans up to Rs 15 crore based on the CIBIL score. With these rates Consistently low and fast turnaround sanctions, we are confident to increase our customer base, thereby making our contribution to a more financially inclusive India, ”added Y Viswanatha Gowd.
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Robert P. Matthews