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A Housing Finance Company is a type of Non-Banking Financial Company (NBFC). It is a specialized financial institution that mainly focuses on providing loans for housing needs. Housing-finance companies offer a variety of loan products such as construction loans, home purchase loans, land purchase loans and home renovation loans.
Housing finance companies play a vital role in the housing sector as they make it easier for the individuals to borrow money for housing purposes. In this blog post, we shall discuss the top 10 housing finance companies in India.
Here is the list of top 10 housing finance companies in India as of 2025. All of them are registered with the Reserve Bank of India (RBI) and are popular in the Indian market for their services. :
Year of Incorporation: 2013
Motilal Oswal Home Finance Limited is one of the best housing finance companies in India. It was incorporated on 1 October in 2013. Back then, its name was Aspire Home Finance Corporation Limited.
Motilal Oswal Home Finance Ltd is registered under Section 29A of the National Housing Bank Act 1987, as a National Housing Bank in India. The business focuses on offering long-term home finance to lower to middle-income Indian families. It provides loans of purchase, extension and construction of residential homes.
It is Motilal Oswal Financial Services Limited’s subsidiary company, and is promoted by the Motilal Oswal Group. When it comes to processing applications, Motilal Oswal Home Finance Ltd provides one of the fastest turn-around times. It enables access to credit on fair conditions.
Year of Incorporation: 1989
LIC Housing Finance Limited is a leading house finance company in India. It was incorporated in 1989. Since its inception, it has been a key player in the housing-finance industry. It has helped millions of individuals to own homes. It offers financial services for purchase or construction of houses. Additionally, it supports business as well as personal needs by providing property-backed loans.
LIC HFL empowers professionals to establish their clinics or offices. It provides access to funding to builders who build residential spaces. LIC HFL, which has been listed on the NSE and BSE since 1994, has helped more than 25 lakh families get their ideal homes and has a history of trust. It is a partner in achieving home ownership goals, not merely a housing financing firm. This is due to its extensive industry knowledge and strong network.
LIC HFL is helping the government's mission of providing housing for all. It has taken the lead in helping a large number of people fulfill their dreams of becoming homeowners. Its contribution is essential to the nation's overall economic growth.
Year of Incorporation: 2008
Tata Capital Housing Finance Ltd was established in 2008, as a public limited company, under Companies Act 1956. It is headquartered in Mumbai, Maharashtra. With CIN U67190MH2008PLC187552, it is a HF company operating in the financial and insurance services industry.
TCHFL was founded to offer long-term house finance. It is a wholly owned subsidiary of Tata Capital Limited (TCL). The company's establishment was a crucial component of TCL's strategy to enhance its current retail product pipeline.
TCHFL is a HF company that is registered with the National Housing Bank. The company’s broad range of products includes loans for purchase and construction of a residential space, purchase of land, home improvement loans, home extension loans and project finance loans to developers among others.
Year of Incorporation: 1988
PNB Housing Finance Limited is an Indian housing-finance company. It is registered with the National Housing Bank. It was incorporated in 1988 under the Companies Act 1956. The Punjab National Bank is its promoter. In 2016, PNB HFL came out with a public issue of equity shares in the month of November. It is listed on the National Stock Exchange as well as the Bombay Stock Exchange.
The business has the authority to take deposits from the general public and offers home loans and loans secured by real estate as part of its product line. On 30 March 2019, the Punjab National Bank declared that it had reached a deal to sell a 13.01% share in PNB Housing Finance to Varde Partners, an alternative investment firm, and General Atlantic, a private equity firm, for ₹1,851.60 crore (US$220 million).
The highest shareholdings in PNB HFL as of December 31, 2018, are in PNB BANK (PROMOTER/Parent) (32.7%) and Quality Investment Holding (QIH) (32.3%), with the remainder shares being held by FIIs, the public, mutual fund companies, corporate organizations and others.
Year of Incorporation: 2006
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IIFL Home Finance Limited is one of the top housing finance companies in India. It is registered with the National Housing Bank. It began its business operations in 2006 and received NHB’s certificate of registration in 2009.
IIFL HFL is a subsidiary company of IIFL Finance Limited, which owns 79.59% shareholding. The remaining stake of 20.41% is held by Abu Dhabi Investment Authority. The organization has its headquarters in Gurgaon. It offers loans for home improvement, construction and purchase.
Also, it offers SME secured loans for personal and business purposes, and construction financing loans to developers for construction of affordable homes. IIFL Home Finance is a technology-driven retail housing-finance company that specializes in lending to first-time homebuyers in the low-income (or "LIG") and economically weaker (or "EWS") groups.
IIFL HFL provides loans to consumers living in Tier 1 and Tier 2 cities' suburbs as well as Tier 3 and Tier 4 cities, where the collateral is an existing or self-occupied residential property. As of September 30, 2024, the company had approximately 4,27,048 clients. CRISIL, ICRA and India Ratings have given the company AA rating. Brickwork Ratings has given it a AA+ rating.
Year of Incorporation: 1989
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GIC Housing Finance Limited was incorporated on 12 December 1989. Back then, it was known as ‘GIC Grih Vitta Limited’. Later, it changed its name to its present name via a fresh Certificate of Incorporation on 16 November 1993.
GIC HFL's main line of business involves giving housing loans to individuals and to people or organizations building homes or apartments for residential use . GICHFL has always held the view that its expansion and success are contingent upon adhering to ethical and just lending practices that are both customer-friendly and generate profit for its shareholders.
In addition to its former subsidiaries, the National Insurance Company Limited, the New India Assurance Company Limited, the Oriental Insurance Company Limited, and the United India Insurance Company Limited, the General Insurance Corporation of India is the company's promoter.
With 75 offices nationwide, GICHFL comes with a robust marketing staff that is further supported by its Sales Associates. In order to fund individual borrowers, it has partnerships with builders.
Year of Incorporation: 1999
One of the top 10 housing finance companies in India is Sundaram Home Finance Limited, which was incorporated in 1999. It is a medium sized Housing-Finance Company, with headquarters in Chennai. It focuses on providing housing loans and loans against property. SHFL is a fully-owned subsidiary company of Sundaram Finance Ltd.
It was founded by Late Sri T S Santhanam. The company constantly innovates in terms of technology and processes to provide their clients with the ‘Sundaram’ experience. It adopts a philosophy that combines growth, quality and profitability, and stays rooted to its core values of protecting and improving shareholder value.
Sundaram HFL comes with over 65 years of heritage and 20 years in the house finance domain. It has 115 branches spread across India, allowing it to reach a large customer base.
Year of Incorporation: 1999
ICICI Home Finance Company is a housing-finance company. It was established in 1999, and is a public limited company. Its headquarters are in Mumbai, and its branches are in major cities across India.
It is a 100% subsidiary of ICICI Bank, and is registered with National Housing Bank. The Reserve Bank of India (RBI) is responsible for regulating ICICI HFL. It is a part of 70+ year old ICICI Group.
The goal of ICICI Home Finance is to enable millions of Indians to turn their dream of home ownership into a reality. The company's main operations include offering a variety of home loans, home repair loans, office space loans, home equity loans, loans against property to customers and construction finance to developers.
ICICI Housing Finance's fixed deposit is rated AAA/Stable by CARE, AAA/Stable by ICRA, and AAA/Stable by CRISIL. The business is operated by a professional team having a rich and diversified experience when it comes to banking and financial services.
As of 31 March 2025, the company has 5900+ employees. Back in 2018 in March, the company had 332+ employees. In 2017, it had six branches but now it has 230+ branches and offices as of 31 March. This shows that the company has grown significantly.
Year of Incorporation: 2007
Mahindra Rural Housing Finance Limited is a popular rural housing-finance company. It was established on 9 April in 2007. It is classified as a company limited by shares and is publicly unlisted. Mahindra Rural HFL is headquartered in Mumbai, Maharashtra. It offers loans for purchasing, constructing and renovating houses in rural parts of India.
MRH HFL is one of the best rural house finance companies. Its parent company is Mahindra and Mahindra Financial Services Limited with 89% percent ownership of the company. The parent company has been working for two decades and has 1800 employees and 1100 branches serving approximately 30 lakh customers.
Also Read: Top 10 NBFCs in India 2025
With more than 600 offices spread across more than 15 states, including Maharashtra, Andhra Pradesh, Telangana, Tamil Nadu, Kerala, Madhya Pradesh, Rajasthan, Uttar Pradesh, Gujarat and Chhattisgarh, it is a pioneer in the field and uses its in-depth knowledge of rural markets to provide home loans. It delivers straightforward procedures and doorstep service for developing India.
MRH HFL takes inspiration from Mahindra Group’s philosophy of ‘Rise’. It aims to transform lives of individuals by providing them access to homeownership, and creates a lasting impact in communities it serves. It supports Housing for all vision of India.
Year of Incorporation: 2008
Reliance Home Finance limited is one of the biggest home finance companies in India, serving the private sector. It was established in 2008, and is engaged in providing financial solutions like home finance loans, construction funding loans and loans against property.
When the company was incorporated, its name was Reliance Homes Finance Pvt Ltd. However, in 2009, it changed its name to Reliance Home Finance Pvt Ltd. On January 6, 2009, the National Housing Bank granted the company a Certificate of Registration to operate as a home finance institution without taking deposits from the general public.
In 2012, the company changed its name from "Reliance Home Finance Pvt. Ltd." to "Reliance Home Finance Ltd." after converting from a Private Limited Company to a Public Limited Company on 27 March 27 and received a new certificate of incorporation from ROC, and on July 16, 2012, the National Housing Bank issued a new certificate of registration.
RHF’s core proposition is, “Sapne Adhure, Hum Karein Pure”. The company reflects commitment to fulfilling the dreams of entrepreneurs across the nation. It offers the best financial services for its consumers.
In this blog post, we provided you with the list of top 10 housing finance companies. All of them are regarded as Non-Banking Financial Institutions and are registered with the Reserve Bank of India (RBI). If you want to start an NBFC in India, connect with Registrationwala for assistance! Our experts will help you in obtaining an NBFC license from the RBI in a smooth and hassle-free manner.
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