LIC Housing Finance Limited Company Profile: Products,Promoters and Clients
LIC Housing Finance Limited Company
LICHF is one of the largest HFCs in India having one of the widest networks across the country. LICHF is promoted by Life Insurance Corporation, where it presently holds45.24 shares in HFC. Over the times, the company has grown stronger and erected a huge base of high guests.
The company has an expansive reach to address the home loan requirements of prospective borrowers with a well- trained and well- spread network of 310 marketing services.
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Q1. What are the Product and service offerings of LIC Housing Finance Limited?
Lic Housing Finance offers a variety of loan options to help individuals achieve their property goals:
- Residential loans: Finance the purchase or construction of your dream home, whether it's an apartment or a house.
- Project finance: Support developers in financing new residential projects.
- Loan against property (LAP): Unlock the value of your existing property by securing a loan.
- Commercial property financing: Invest in commercial spaces through lease rental discounting (LRD) or purchase of shops and showrooms.
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Q2. Who are the Promoters of LIC Housing Finance Limited?
LICI owns a 45.24% stake in the company.
Tribhuwan Adhikari, the MD and CEO of LIC Housing Finance, boasts an expansive career gauging over 30 times with LIC India. He began as a direct novitiate in 1989 and has held colorful crucial positions across different regions, primarily concentrated on marketing.
Specially, he singly managed two divisions and gained experience in both executive and marketing aspects of the life insurance assiduity. This different background equips him with a deep understanding of the assiduity's processes and procedures
Q3. Who are the Clients of LIC Housing Finance Limited?
Company’s Loan book composition as of FY24 consists of a majority of Individual Home loans which is almost 80% of the total loan book, Non-Housing Individual and NHC Loans make up rest of the Loan book.
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