Indiabulls offers home loans at 8.25 %

With a view to growing home loans business by 40-45 per cent this fiscal and increase its market share, Indiabulls Financial Services Ltd (IFSL) today launched a new home loan scheme at a rate of 8.25 per cent. ''Introduction of this new concessional home loan scheme at 8.25 per cent is a move to augur our aggressive growth plans, with an annual target of Rs 6,000 crore worth new home loans disbursement,'' company CEO Gagan Banga said. He said the company targets to grow its home loans business by 40-45 per cent during the current financial year and almost double the market share to 7-8 per cent by 2014. Mr Gard said the company plans to increase its sales force by 25-30 per cent for home loans from the current strength of 1,500 so that it can support in a better way the growing customer demands and needs.

With a net worth of over Rs 4,500 crore, the company is present in about 140 locations across the country and plan to add 25-30 cities every year to its distribution network, the CEO said.

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