NEWS & ADVICE : HOME LOANS
Growth of home loan biz is GE Capital's target now
By Joseph Samson
Nov 4, 2011
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Non banking finance company (NBFC), GE Capital is aiming for ramping up its home loan business on priority basis now. It has set a target of achieving growth in the range of 300-400% per year for the upcoming 3-4 years.

The company is talking out to large number of organizations with the motive of inking deals.

The company which had earlier attempted to walk out of the mortgage market, now feels that there is ample growth potential left in the sector, said president and chief executive, Mr Anish Shah.

Speaking about the leasing business in which too the company has its presence, Shah said that they have provided finance in various segments of equipment financing like automated teller machines, medical, construction equipment and corporate aircraft.


 


(Comments Posted : 1) Post Your Comments
1. HDFC is the worst home loan ever! I repaid some money towards principal and they charged me interest on my prepayment. They dont show the outstanding balance (principal) in any of the statements (online or otherwise). It is a secret, not sure why but it is impossible to know how much loan you have paid and how much is outstanding. They increased interest rates on a fixed loan at least 10 times since the loan started - about 6 years (start with a attractive rate, promise it never increases and increase within the first year and many times later to more than any other bank). They also charge a pre-emi for no money taken before the emi, I dont know what it is. I can wit experience say it is the most cunning and cheating bank ever. on my savings account they keep charging 500 or 100 many times as service charge. No idea what it is. When you call them they dont know either. They just say service charge. Avoid these cheaters.
Rajesh (Posted: Nov 6, 2011)
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