LIC HFL was incorporated on June 19, 1989, as a public limited company under the Companies Act, 1956.

The primary objective of LIC HFL is to provide long-term housing finance to individuals for the purchase, construction, repair, and renovation of residential properties.

LIC HFL commenced its operations in 1990, with the aim of fulfilling the housing needs of individuals across different income segments.

Over the years, LIC HFL has expanded its product offerings and services to cater to a wide range of customer requirements in the housing finance sector.

The company offers various home loan products, including home purchase loans, home construction loans, home extension loans, home improvement loans, and loans against property.

LIC HFL has a vast network of branches across India, providing accessibility to customers in both urban and rural areas.

The company has established itself as a trusted and reliable player in the housing finance market, known for its competitive interest rates, flexible repayment options, and customer-centric approach.

LIC HFL has consistently focused on expanding its customer base, strengthening its distribution channels, and adopting technology-driven processes to enhance operational efficiency.

The company has also undertaken several initiatives to support the government's goal of affordable housing for all, including the implementation of various government schemes and partnerships with affordable housing developers.

LIC HFL is regulated by the National Housing Bank (NHB), which is the regulatory authority for housing finance companies in India.

As of the knowledge cutoff in September 2021, LIC HFL continues to play a significant role in the housing finance sector, helping millions of individuals fulfill their dreams of owning a home.

Piramal Housing Finance is a part of the Piramal Group, a diversified conglomerate with interests in various sectors including healthcare, financial services, real estate, and more.

PHF was established as a subsidiary of Piramal Finance Limited, the financial services arm of the Piramal Group.

The company commenced its operations in the housing finance sector with the aim of providing housing loans and financing solutions to individuals and developers.

Piramal Housing Finance focuses on catering to the diverse housing finance needs of customers, including home purchase loans, home construction loans, home extension loans, and loans against property.

The company aims to provide competitive interest rates, flexible repayment options, and personalized customer service to its borrowers.

PHF emphasizes on leveraging technology and digital platforms to streamline its operations and enhance the customer experience.

It also collaborates with various developers and industry partners to provide value-added services and support the development of affordable housing projects in India.

As of the knowledge cutoff in September 2021, Piramal Housing Finance continues to grow its presence in the housing finance market and expand its customer base.