ICICI Home Finance Company (ICICIHFC) is an Indian public limited housing finance company (HFC),[1] headquartered in Mumbai with branches in major cities across India.[2][3][4][5] The company operates as a wholly owned subsidiary of ICICI Bank and is registered with the regulation authority of India - National Housing Bank (NHB).[6][7] It provides home and commercial loans, loan against property, gold loans and accepts fixed deposits.[8][9][10]
The company was incorporated in 1999, under the Companies Act, 1956 as a wholly owned subsidiary of ICICI Bank.[11][12] It was created by ICICI Bank to focus as a separate entity dedicated to provide housing finance.[13] ICICI HFC is registered with National Housing Bank.[14][15] The company operates all over the country and it has offices in all major cities across India.[16]
ICICI HFC fixed deposits have received the highest ratings of MAAA by ICRA, FAAA by CRISIL and AAA rating from CARE.[17][18]
Awards
2019: ‘Mortgage and Home Loan Product of the Year – India’ from Asian Banking & Finance[19]
Product and services
ICICI HFC provides housing finance to individuals and corporates for purchase or construction of residential houses.[20][21][22] In 2019, the company has disclosed that it has disbursed over $162.91 million in housing loans in the country. It offers home loans, loan against property, fixed deposit, gold loan, property search - residential & commercial, construction finance and insurance.[23][24][25]
Branch network
The company started with six branches in 2017 and as of 2019, it has over 140 branches in India.[26][27][28]
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