LIC Housing Finance Limited (LICHFL)  on Friday said it has disbursed Rs 1,331 crore worth loans through its mobile banking app in the last one year. The Housing Finance major said the 'Homy' app facilitated 14,155 customer home loan applications since its launch on February 14.

More than 7,300 of these customers have had their home loans sanctioned. Of these, loans were disbursed to 6,884 customers amounting to Rs 1,331 crore so far, LIC Housing Finance said in a release.

“We are overjoyed with the massive customer response received over the past year and aim to work towards the ultimate objective of organizing and automating every facet of customer interaction under Project RED (Reimagining Excellence through Digital transformation),” LIC Housing Finance MD and CEO Y  Viswanatha Gowd said.

The lender's rate of interest starts from a low of 6.90 percent for loans up to Rs 15 crore depending on CIBIL score.

LIC Housing Finance Ltd is one of the largest Housing Finance Companies in India with a key objective of providing long-term finance to individuals for the purchase or construction of house/flat for residential purposes in India. The Company also provides finance to builders and developers engaged in the business of construction of houses or flats for residential purposes and to be sold by them.

Shares of LIC Housing Finance Limited on Friday hit an intraday high in share price at Rs. 478.90 as against its opening price at 474.45  on the National Stock Exchange.

Lodha Developers raise IPO to raise Rs 2,500 crore, See other IPOs

India-Nepal sign MoU for reconstruction of 6 secondary schools

Extra Budget allocation to remove fertiliser subsidy backlog: Ind-Ra