NEWS & ADVICE : HOME LOANS
Total biz of Rs 1000 cr: targets Edelweiss Housing
By Joseph Samson
Aug 9, 2011
Print    Email    RSS   

Edelweiss Housing Finance Ltd (EHFL) is planning to take its loan book to Rs 1000 crore in this fiscal.

EHFL happens to be the housing finance wing of Edelweiss Group.

The company currently has presence in Mumbai, Delhi and Bangalore. It aims to spread out to Chennai, Hyderabad, Ahmedabad, Baroda and Surat by the end of March 2012. It plans to open 19 branches in these cities.

"Our goal is to achieve a target of Rs 1,000 crore from Pune market by the end of March 2012. Over the last few years, the city has emerged as a new destination for IT and BPO related industries. This has opened up avenues for a lot of real estate development in the city. EHFL's approach to the housing finance business will be based on offering differentiated products and a superior internet-based sales and fulfillment process for applicants," said said Anil Kothuri, Head-Retail Finance, Edelweiss Group.

Kothuri said that the company has lent out loans worth Rs 240 crores in the past 11 months time.

"EHFL offers home loans repayable over 25 years. This could give the borrower a larger loan amount or a smaller monthly installment," he added.

"The current housing finance market size is about Rs 1.5 trillion and we expect it to double by the end of 2015. We expect to capture about 2 per cent of the market over the next 5 years." he said.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Effect of employment on loan eligibility...
Are you ready to file your taxes? Please...
A chronicle of excesses by loan recovery...
This is how a bank lends money
Get rid of your home loan faster


PINJORE: CaℒL Giℛℒs In PiNjOrE 09915787550...
PINJORE: CaℒL Giℛℒ In PiNjOrE 09915787550...
how to gate my home loan certificate

NEWS THIS WEEK
Canara Bank earned a profit of 60%. Feb 6, 2015
New Branch of Laxmi Vilas bank at Vijayawada Jan 30, 2015
Home loan EMIs expected to drop down Jan 21, 2015
Corporation Bank received MSME banking excellence award 2014 Jan 19, 2015
Home loan rates set to fall, after reduction in repo rate Jan 16, 2015
News Archive