Finance :: LIC Housing Finance Limited

LIC Housing Finance Ltd. is one of the largest Housing Finance companies in India, incorporated in 1989 under the Companies Act, the company was promoted by LIC of India. The Authorized Capital of the Company is Rs.1000 Million (Rs.100 Crores). The Company is recognized by National Housing Bank and listed in the NSE & BSE and in the Luxembourg Stock Exchange also.

The main objective of the Company is providing long term finance to individuals for purchase / construction / repair and renovation of new / existing flats / houses. The Company also provides finance on existing property for business / personal needs and gives loans to professionals for purchase / construction of Clinics / Nursing Homes / Diagnostic Centres / Office Space.

The Company possesses one of the industry's most extensive marketing network in India: 6 regional offices and 115 area offices backed by chain of camp offices nationwide, an offshore office in Dubai and Registered and Corporate Office at Mumbai. It has a team of 875 dedicated employees. In addition the company has appointed over 5500 Direct Sales Agents (DSAs) and Home Loan Agents (HLAs) to extend its marketing reach. 16 Back Offices spread across the country conduct the credit appraisal and administrative functions.

The Company has set up a Representative Office in Dubai to cater to the Non-Resident Indians in the GLCC countries covering Bahrain, Dubai, Kuwait, Qatar and Saudi Arabia.