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ICICI Home Finance Company (ICICIHFC) is an Indian public limited housing finance company (HFC), headquartered in Mumbai with branches in major cities across India. The company operates as a wholly owned subsidiary of ICICI Bank and is registered with the regulation authority of India - National Housing Bank (NHB). It provides home and commercial loans, loan against property, gold loans and accepts fixed deposits.

History

The company was incorporated in 1999, under the Companies Act, 1956 as a wholly owned subsidiary of ICICI Bank. It was created by ICICI Bank to focus as a separate entity dedicated to provide housing finance. ICICI HFC is registered with National Housing Bank. The company operates all over the country and it has offices in all major cities across India.

ICICI HFC fixed deposits have received the highest ratings of MAAA by ICRA, FAAA by CRISIL and AAA rating from CARE.

Awards

• 2019: ‘Mortgage and Home Loan Product of the Year – India’ from Asian Banking & Finance

Product and services

ICICI HFC provides housing finance to individuals and corporates for purchase or construction of residential houses. 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.

Branch network

The company started with six branches in 2017 and as of 2019, it has over 140 branches in India.

References

1. "ICICI Home Finance launches affordable housing loan scheme". @businessline. 18 June 2020. Retrieved 14 July 2020.
2. Hetavkar, Nikhat (24 April 2018). "ICICI Bank to keep home finance as standalone arm, drops plan to sell stake". Business Standard India. Retrieved 2 July 2020.
3. Gopakumar, Gopika (29 November 2017). "IndoStar Capital calls off deal to buy ICICI Home Finance". Livemint. Retrieved 2 July 2020.
4. "ICICI Home Finance to raise Rs 81 crore via bonds". India News, Breaking News, Entertainment News | India.com. Press Trust of India. 7 December 2015. Retrieved 2 July 2020.
5. "ICICI Home Finance offers spot sanctions of home loans to residents of Bhubaneswar". Pragativadi: Leading Odia Dailly. 4 February 2020. Retrieved 2 July 2020.
6. Surabhi (24 April 2018). "ICICI Home Finance puts off sale plans". @businessline. Retrieved 2 July 2020.
7. "Four companies including SBI Card, ICICI Home Finance to list papers on BSE". Business Standard India. Press Trust of India. 20 December 2019. Retrieved 2 July 2020.
8. Archana, Alekh (24 April 2018). "ICICI Home Finance aims Rs30,000 crore loan book in 3-4 years". Livemint. Retrieved 2 July 2020.
9. "Bombay High Court Restrains ICICI Home Finance From Selling MEP Infra Shares". BloombergQuint. 9 April 2020. Retrieved 2 July 2020.
10. "आईसीआईसीआई होम फाइनेंस ने कोटा में शुरू की तत्काल होम लोन स्कीम". Dainik Bhaskar (in Hindi). 20 February 2020. Retrieved 2 July 2020.
11. "ICICI Bank may sell housing finance arm". VCCircle. 10 July 2015. Retrieved 2 July 2020.
12. "Why a deal to buy ICICI Home Finance is critical for Everstone-backed IndoStar". VCCircle. 4 July 2017. Retrieved 2 July 2020.
13. Rebello, Joel (25 April 2018). "ICICI Bank makes a u-turn, drops plans to sell housing-finance unit". The Economic Times. Retrieved 2 July 2020.
14. "ICICI Home Finance offers spot sanctions of home loans to residents of Jaipur". The News Strike. 17 March 2020. Retrieved 2 July 2020.
15. "List Of Housing Finance Companies Granted". /nhb.org.in/.
16. Agrawal, Shrija (6 July 2016). "TPG Capital partners three LPs for ICICI Home Finance deal". Livemint. Retrieved 2 July 2020.
17. "Four things to check for in a Fixed Deposit". The Economic Times. Retrieved 2 July 2020.
18. "Company Fixed Deposit: Interest Rates, Fixed Deposits Rating, Fixed Deposits Schemes, Company Fixed Deposits in India 2019 - Fixed Income". www.moneycontrol.com. Retrieved 2 July 2020.
19. "Asian Banking & Finance Awards recognises record number of outstanding companies". Asian Banking & Finance. 19 July 2019. Retrieved 2 July 2020.
20. "How to choose the best home loan". The Financial Express. 9 November 2016. Retrieved 2 July 2020.
21. "Want to avail EMI moratorium? From SBI to HDFC Bank, here's what your bank, HFC is offering". The Financial Express. 18 April 2020. Retrieved 2 July 2020.
22. "Good news for home buyers! ICICI Home Finance launches affordable housing loan — SARAL; interest rate from 7.98% onwards". Zee Business. 18 June 2020. Retrieved 14 July 2020.
23. Das, Saikat (29 April 2020). "Top NBFC bond sales hit a bump". The Economic Times. Retrieved 2 July 2020.
24. "IVF-Baring set to clinch Rs 2500cr deal to buy ICICI Home Finance". The Financial Express. 11 August 2016. Retrieved 2 July 2020.
25. "ICICI Home Finance launches affordable housing loan – Check Eligibility". The Financial Express. 18 June 2020. Retrieved 2 July 2020.
26. "Ciao Green Collaborates With ICICI Home Finance to Design 140 Branches Across India". Business Standard India. Press Trust of India. 18 June 2019. Retrieved 2 July 2020.
27. "Ciao Green Collaborates With ICICI Home Finance to Design 140 Branches Across India". Devdiscourse. Retrieved 2 July 2020.
28. "Ciao Green collaborates with ICICI Bank's arm to design 140 Branches across India - ICICI Bank Ltd. Latest News". www.moneyworks4me.com. Retrieved 2 July 2020.

External links

• Official website

• ICICI Bank
• Housing finance companies of India
• Financial services companies based in Mumbai