Introduction
LIC Housing Finance Limited (LIC HFL) is one of the largest housing finance company in India. It was founded on 19th June, 1989. It provides housing loans to individuals, builders, development authorities, employers organisations, etc. It was promoted by the Life Insurance Corporation of India.
Operation
LIC HFL has 7 regional offices, 13 back-offices and 181 marketing units across India. It also has offices in Kuwait and Dubai to cater to the Non-Resident Indians in the Gulf countries covering Bahrain, Dubai, Kuwait, Qatar and Saudi Arabia.
Objective
The main objective of the Company is providing long term finance to individuals for
- Purchase or construction of house or flat for residential purpose.
- Repair & renovation of existing flat, houses.
- Finance on existing property for business, personal needs
- Loans to professionals for purchase / construction of Clinics, Office Space along with the purchase of equipments.
- Long term finance to persons engaged in the business of construction of houses or flats for residential purpose and to be sold by them.
PowerPoints
India
The Company possesses one of the industry’s most extensive marketing network in India. Registered and Corporate Office at Mumbai,
- 7 Regional Offices
- 16 Back Offices and
- 209 marketing units across India.
- In addition, the company has appointed over 10478 Intermediaries to extend its marketing reach.
- 16 Back Offices spread across the country conduct the credit appraisal and administrative functions.
Overseas
The Company has set up a Representative Office in Dubai and Kuwait to cater to the Non-Resident Indians in the GLCC countries covering Bahrain, Dubai, Kuwait, Qatar and Saudi Arabia. Today the Company has a proud group of over 15.56 LACS prudent house owners who have enjoyed the Company’s financial assistance.