LIC Housing Finance (LICHF) has said its average loan size has increased to about ₹22 lakh, against ₹20 lakh in the previous fiscal.

During Q1 of this fiscal, its average ticket size stood at about ₹20 lakh plus, when compared with ₹18 lakh plus in Q1 of last fiscal. However, in Q2, it has increased to ₹22 lakh.

“Investment-based buying of homes has slowed down in recent months. However, need-based buying continue to be robust as people in this category are willing to borrow and make their purchases,” Vinay Sah, Managing Director and Chief Executive Officer, LICHF, said at property fair Ungal Illam 2017 here on Friday.

With its disbursements continuing to maintain momentum, the company is confident of achieving 15 per cent growth this fiscal over last fiscal’s disbursements of ₹41,541 crore.

As of August 2017, the company achieved disbursements of about ₹15,000 crore, a growth of 18 per cent. “The retail segment growth is better than the others,” he said.

Affordable category Also, the company has done about 4,100 loans in the affordable home category, on which it is very bullish. It did about 4,400 units in this segment last fiscal.

Sah said LICHF is open to doing more project loans on a case-to-case basis. He also said a good number of RERA-registered projects had come up in several locations.

The company is planning to raise ₹55,000 crore this fiscal to support growth. It raised about ₹17,000 crore during the first quarter.

Its outstanding loan portfolio has grown to more than ₹1,49,000 crore from ₹1,47,051 crore as of June 30, 2017 and ₹144,534 crore as of March 31. Retail home loans account for over 80 per cent.

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