LIC Housing Finance Limited
Company overview
The company offers various types of home loan products such as home purchase loans, home construction loans, home improvement loans, and extension loans. Additionally, it provides finance for professionals for office spaces and commercial properties.
LICHFL has incorporated innovative technology into its operations by introducing online application processes, digital document verification systems, and customer service portals. This has streamlined the loan approval process and enhanced customer experience.
One of LICHFL's key differentiators is its strong brand reputation backed by the trust associated with its parent company LIC - one of the most trusted financial institutions in India. The company also stands out due to its extensive network across the country that enables it to reach customers even in remote areas.Furthermore, LICHFL has collaborated with various builders and developers to offer customized home loan solutions for their projects. These partnerships have helped them tap into new markets and offer competitive financing options to potential homeowners.
In recent years, LICHFL has been focusing on expanding its product portfolio beyond traditional mortgage offerings by venturing into affordable housing finance schemes aimed at catering to low-income households.