ACADEMICIA: An International Multidisciplinary Research Journal

  • Year: 2012
  • Volume: 2
  • Issue: 8

Utilisation of LIC housing loan in coimbatore

  • Author:
  • M. Dhanabhakyam, T. Sumathi
  • Total Page Count: 17
  • DOI:
  • Page Number: 285 to 301

*Assistant Professor, Department of Commerce, Bharathiar University, Coimbatore – 641046, India.

**M. Phil Scholar, Department of Commerce, Bharathiar University, Coimbatore – 641046, India.

Abstract

House is the basic human requirement that needs to be met on priority basis. It is much broader concept than housing. Investments in shelter not only improve and expand the available stock of housing units, but also improve both the working and living environment. Housing finance as a financial service is relatively young in India. LICHFL is the fourth largest mortgage finance company in India. It provides loans for homes, construction activities, and corporate housing schemes. The data is fully based on Primary & Secondary data collection.Three objectives are framed for this analysis. The statistical tools applied for this study are simple percentage analysis, Pearson's correlation coefficient and chi square test. Through this study the LICHFL is suggested to improve their services and also increase the utilization of the housing loan among the public.

Keywords

House, Housing finance, Finance company, LICHFL, Services, Utilization