LIC HOUSING FINANCE LIMITED

LIC HOUSING FINANCE LIMITED (LIC HFL)

  for better

 HOME LOANS

It was set up under the Companies Act, 1956. Incorporated on 19th June, 1989 and recognised by National Housing Bank. The company has about 25% market share in the housing finance industry. A wide network in the Industry with 67 Area/Unit Offices plus 6 Regional Offices across the length and breadth of the country and about 5000 LIC Agents trained for housing finance.

Today the Company has a proud group of over 5.90 lakh prudent house owners who have enjoyed the Company's financial assistance. The company has so far sanctioned over Rs.133 Billion (Rs.13300 Crores) and disbursed Rs.117 Billion (Rs.11700 Crores). Products: Home loans to both Indian and NRI customers at floating and fixed rate of interest.   Loans to construct / buy a new home Loans for purchase of a second home ( Bridge Loans) Loans for home extension Loans for home repairs Loans for purchase of plots Loans against mortgage of property Loans to Corporate bodies (Public Limited Companies/Public Sector undertakings) for Staff Quarters. Loans to Corporate bodies (Public Limited Companies / Public Sector undertakings) for onward lending to employees to construct /purchase residential house/flat on ownership basis (Line of Credit "TO") and Loans to individual employees of the Company as guaranteed by the Employer (Line of Credit "THROUGH").