India Post Payments Bank (IPPB) under Department of Posts, Ministry of Communications and LIC Housing Finance Ltd (LICHFL), the country슬롯사이트s premier housing finance player, today announced a strategic partnership for providing home loan products to over 4.5 crore customers of IPPB. Through its robust and extensive network of 650 branches and more than 136,000 banking access points, IPPB will make LICHFL슬롯사이트s home loan products accessible to its customers pan-India.

As part of the Memorandum of Understanding,credit underwriting, processing, and disbursement for all home loans will be handled by LICHFL with IPPB responsible for sourcing. The alliance with LICHFL is part of IPPB슬롯사이트s strategy to expand its range of products and services, and to cater to the banking and financial needs of diverse customers, especially unbanked and underserved, across the country. Currently, IPPB is distributing various general and life insurance products through partnerships with leading insurance companies, and credit products is a natural extension for the customers at the last mile. IPPB슬롯사이트s on-ground workforce of nearly 200,000 postal employees (Postmen and슬롯 머신 사이트 추천GraminDakSevaks) equipped with micro-ATMs and biometric devices through its innovative Doorstep Banking Service will play a significant role in offering LICHFL슬롯사이트s housing loans.

On the significance of the tie-up with LICHFL,슬롯 머신 사이트 추천Mr. J. Venkatramu, MD & CEO, India Post Payments Bank슬롯 머신 사이트 추천said,슬롯 머신 사이트 추천슬롯사이트Easy access to credit for buying a house is an important prerequisite towards achieving inclusive growth. Since its inception till now and going forward, IPPB is committed towards promoting financial inclusion among low-income and underbanked segments at the last mile by leveraging the unparalleled network of Post Offices, and technology-driven banking solutions. The partnership with LICHFL is a significant tie-up in IPPB's journey to become one of the largest platforms for availing credit products by our customers for meeting various needs,슬롯 머신 사이트 추천in line with our focus on providing comprehensive customer-centric, convenient and digital solutions to our customers.슬롯사이트�

Commenting on the partnership with IPPB, Mr. Y. ViswanathaGowd, MD & CEO, LIC Housing Finance슬롯 머신 사이트 추천said,슬롯사이트The strategic MoU with IPPB will help us to further deepen our market penetration and enable us to increase LICHFL슬롯사이트s home loan product outreach in untapped geographies across the country. With an unmatchable presence of Post Offices, we see this strategic partnership as a significant step that will help our long-term business growth and improve our market share. This is in line with the Company슬롯사이트s objective to increase business contribution from Tier 2 markets and beyond.슬롯사이트�

LIC Housing Finance Ltd, offers home loan starting from 6.66% for loans up to Rs 50 lakh for salaried individuals. The rate of interest offered is linked to the borrower슬롯사이트s creditworthiness, as reflected by their CIBIL scores.

LICHFL슬롯사이트s unique home loan product -슬롯 머신 사이트 추천GrihaVarishtha- is designed for retired or serving employees of PSU insurers, Central/State government, railways, defence, banks etc. entitled to pension under Defined Benefit Pension Scheme. The age of the borrower at entry of the loan can be up to 65 years and the loan tenure is till the attainment of 80 years of age or maximum up to 30 years, whichever is earlier. Under this product LIC HFL offers EMI waiver of up to 6 EMIs during the tenure of the loan to the borrower.

(The above story first appeared on LatestLY on Sep 07, 2021 07:37 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).