LIC Housing Finance Ltd (LICHFL), promoted by the LIC of India, was incorporated in 1989 under the Company’s Act of 1956. Since then, the Company has grown into a premier housing finance institution in India fulfilling the aspirations of millions to acquire a shelter – a basic necessity – and take pride to call it “My Own Home”. The company has serviced more than two million customers since inception. LIC HFL has scored a rich history of prolific growth marked by the “Best in Class” asset quality and constantly driven towards customer centricity in terms of products, pricing and servicing. The Company is working diligently and strategically towards the Government of India’s mission of providing “Housing for All by 2022”.
LICHFL operates from its registered and corporate office in Mumbai, Maharashtra. Its extensive marketing network includes; seven regional offices, 21 back offices and 245 marketing units covering more than 450 centres across India. Its Overseas Office include representative offices in Kuwait and Dubai, that mainly cater to NRIs in the GCC countries covering Bahrain, Dubai, Kuwait, Qatar and Saudi Arabia The company continues to serve the customers at their door step through home loan agents, direct selling agents and customer relation associates.
The core loan schemes cater to the purchase/construction of flat/house, purchase of plot and repairs/renovations to existing house/flat to resident or non-resident individuals. The Company also offers loans against mortgage of residential properties for business or personal needs Loan assistance is also given to professionals like doctors, architects, engineers, chartered accountants aspiring to own nursing homes, offices etc. On the wholesale lending, loans are advanced to builders as project finance and lease rental discounting schemes.
LIC HFL has diversified itself into areas sensing growth opportunities. LIC HFL Care Homes Ltd caters to the needs of senior citizens by building assisted living centers. LIC HFL Financial Services is into distribution of financial products like housing loans, insurance and mutual funds. LIC HFL Asset Management Company Ltd was established to undertake the business of managing venture capital. LIC HFL Trustee Company Private Ltd was promoted to undertake the business of trusteeship of LIC Asset Management Company Ltd.
The Company continues to enjoy highest credit rating being rated as ‘AAA/Stable’ and ‘CAREAAA’ by the credit rating agencies namely CRISIL & CARE respectively for the twelfth consecutive year while its Fixed Deposit program is rated as ‘FAAA/Stable’ by CRISIL for the seventh consecutive year.