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Tamil Nadu
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Chennai
`Home loan sector's growth nominal'
Staff Reporter
CHENNAI
: The recent increase in interest rates has had a dampening effect on the home loan sector, according to Harsh Vardhan Roongta, chief executive officer of Apnaloan.com Services.
Mr. Roongta, whose company functions as an online marketplace for loans, told presspersons here on Tuesday that some of the banks in the city have registered only a marginal rise in the number of home loans in the last quarter.
Being in the city to promote www.apnaloan.com, he said the website with its network of private and nationalised banks helped customers get the best possible loan deal. Once the subscribers filled in the data and the kind of loan required, the website would help them locate the right package, he said. There is no subscription fee.
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