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LIC Housing Finance
4.0
based on 408 Reviews
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Company Overview
Company Locations
Working at LIC Housing Finance
Company Summary
LIC Housing Finance Ltd. offers long-term financing for residential properties in India, supporting individuals and construction professionals.
Overall Rating
4.0/5
based on 408 reviews
On-Par with
industry average
Highly rated for
Job security, Salary, Skill development
Work Policy
Work from office
81% employees reported
Monday to Saturday
52% employees reported
Flexible timing
55% employees reported
Within city
52% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
15 employees reported
Health insurance
15 employees reported
Child care facility
5 employees reported
Professional degree assistance
4 employees reported
View all benefits
About LIC Housing Finance
Founded in1989 (36 yrs old)
India Employee Count1k-5k
Global Employee Count1k-5k
India HeadquartersMumbai, Maharashtra, India
Office Locations
Websitelichousing.com
Primary Industry
Other Industries
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LIC Housing Finance Ltd. is one of the largest Housing Finance company in India. Incorporated on 19th June, 1989 under the Companies Act, 1956, the Company was promoted by LIC of India and went public in the year 1994. The Company launched its maiden GDR issue in 2004. The Authorized Capital of the Company is Rs.1500 Million (Rs.150 Crores) and its paid up Capital is Rs.1009.9 Million ( Rs.100.99 Crores). The Company is registered with National Housing Bank and listed on the National Stock Exchange (NSE) & Bombay Stock Exchange Limited (BSE) and its shares are traded only in Demat format. The GDR's are listed on the Luxembourg Stock Exchange. The main objective of the Company is providing long term finance to individuals for purchase or construction of house or flat for residential purpose / repair and renovation of existing flat / houses. The Company also provides finance on existing property for business / personal needs and also gives loans to professionals for purchase / construction of Clinics / Nursing Homes / Diagnostic Centres / Office Space and also for purchase of equipments. The Company also provides long term finance to persons engaged in the business of construction of houses or flats for residential purpose and to be sold by them.
Mission: Provide secured housing finance at affordable cost, maximizing shareholders value with higher customer sensitivity.
Vision: To be the best Housing Finance Company in the country.
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LIC Housing Finance Ratings
based on 408 reviews
Overall Rating
4.0/5
How AmbitionBox ratings work?
5
199
4
88
3
62
2
22
1
37
Category Ratings
4.0
Job security
3.9
Salary
3.8
Skill development
3.7
Company culture
3.7
Work-life balance
3.7
Work satisfaction
3.6
Promotions
LIC Housing Finance is rated 4.0 out of 5 stars on AmbitionBox, based on 408 company reviews. This rating reflects a generally positive employee experience, indicating satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at LIC Housing Finance
based on 370 reviews
4.1
Rated by 68 Women
Rated 4.2 for Job security and 3.8 for Work-life balance
4.0
Rated by 302 Men
Rated 4.0 for Job security and 3.9 for Salary
Work Policy at LIC Housing Finance
based on 21 reviews in last 6 months
Work from office
81%
Hybrid
14%
Permanent work from home
5%
LIC Housing Finance Reviews
Top mentions in LIC Housing Finance Reviews
+ 5 more
Compare LIC Housing Finance with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 4.0/5 based on 408 reviews | 4.0/5 based on 38k reviews | 3.9/5 based on 39.3k reviews | 3.8/5 based on 25.3k reviews |
Highly Rated for | Job security Salary Skill development | Job security Skill development Company culture | Job security Skill development | No highly rated category |
Critically Rated for | No critically rated category | No critically rated category | Promotions | Promotions |
Primary Work Policy | Work from office 81% employees reported | Work from office 92% employees reported | Work from office 84% employees reported | Work from office 80% employees reported |
Rating by Women Employees | 4.1 Good rated by 68 women | 3.9 Good rated by 10k women | 3.7 Good rated by 8.2k women | 3.6 Good rated by 5.5k women |
Rating by Men Employees | 4.0 Good rated by 302 men | 4.0 Good rated by 26.2k men | 3.9 Good rated by 29.2k men | 3.8 Good rated by 18.7k men |
Job security | 4.0 Good | 4.1 Good | 4.0 Good | 3.7 Good |
View more
LIC Housing Finance Salaries
LIC Housing Finance salaries have received with an average score of 3.9 out of 5 by 408 employees.
Direct Marketing Executive
(159 salaries)
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₹1.5 L/yr - ₹8.1 L/yr
Deputy Manager
(73 salaries)
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₹10 L/yr - ₹28 L/yr
Assistant Sales Manager
(61 salaries)
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₹2.4 L/yr - ₹4.4 L/yr
Sales Executive
(40 salaries)
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₹1.5 L/yr - ₹5 L/yr
Area Manager
(29 salaries)
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₹9 L/yr - ₹25 L/yr
LIC Agent
(23 salaries)
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₹0.6 L/yr - ₹5.8 L/yr
Senior Associate
(17 salaries)
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₹6.3 L/yr - ₹14 L/yr
Sales Manager
(11 salaries)
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₹3.5 L/yr - ₹5.6 L/yr
Data Entry Operator
(10 salaries)
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₹1 L/yr - ₹3 L/yr
Office Assistant
(10 salaries)
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₹1.1 L/yr - ₹3.8 L/yr
LIC Housing Finance Interview Questions
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LIC Housing Finance News
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LIC Housing Finance Aims To Improve NPA To 2.6% By March
- LIC Housing Finance Ltd. aims to improve its gross non-performing asset (NPA) ratio to around 2.6% by the end of fiscal 2025.
- In the quarter ended December 2024, LIC Housing Finance posted a gross NPA of 2.75%, which improved from 3.05% in the previous quarter.
- CEO Tribhuwan Adhikari expressed optimism about dealing with the asset quality and achieving the target NPA ratio of 2.5% to 2.6% by March.
- The company's net interest income fell 5% year-on-year, but profit increased by 23% in the same quarter.
Bloomberg Quint | 4 Feb, 2025
LIC Housing Finance Share Price Rises Following Bullish Outlook From Brokerages
- LIC Housing Finance's share price rises after bullish outlook from brokerages.
- HSBC upgrades LIC Housing Finance to 'hold' rating and raises target price to Rs 600 per share.
- Citi maintains 'buy' rating on LIC Housing Finance with target price of Rs 851 per share.
- LIC Housing Finance reports net profit of Rs 1,432 crore for Q3 FY25.
Bloomberg Quint | 4 Feb, 2025
LIC Housing Finance Q3 Results Review: Motilal Oswal Maintains 'Buy' On The Stock, Sees 24% Upside— Here's Why
- LIC Housing Finance's Q3 FY25 PAT grew ~23% YoY to ~Rs 14.3 billion (~12% beat).
- NII declined ~5% YoY to ~Rs 20 billion (in line).
- Motilal Oswal maintains 'Buy' on LIC Housing Finance, sees 24% upside.
- LIC Housing Finance has strong moats in retail mortgages and on the liability side.
Bloomberg Quint | 4 Feb, 2025
LIC Housing Finance Q3 PAT up 23 per cent
- LIC Housing Finance reported a 23% increase in its Q3 PAT.
- Total disbursements were at ₹15,475 crore, with individual home loan segment disbursements at ₹12,248 crore and project loans disbursements at ₹983 crore.
- The overall loan book rose 6% year-on-year at ₹2.99 lakh crore.
- Net interest income was down 5% year-on-year at ₹2,000 crore, with a net interest margin of 2.70% in Q3.
HinduBusinessLine | 31 Jan, 2025
HDFC Bank, Axis Bank, LIC Housing — RBI's Liquidity Boost Positive For Banks, NBFCs
- The Reserve Bank of India's liquidity infusion of Rs 1.5 lakh crore through various special measures will be positive for banks and non-bank financial companies.
- HDFC Bank, Axis Bank, Federal Bank, and Bank of Baroda will benefit from the liquidity measures due to their stretched loan-to-deposit ratio.
- LIC Housing Finance, Bajaj Finance, and Mahindra & Mahindra Financial Services will benefit from easing wholesale rates.
- Jefferies expects easing on liquidity coverage ratio and other aspects in RBI monetary policy committee meeting.
Bloomberg Quint | 28 Jan, 2025
Five Stocks To Buy Today: Delhivery, Tata Motors, LIC Housing, Astral And Bharat Dynamics
- Analysts have 'Buy' calls on shares of Delhivery Ltd., Tata Motors Ltd., LIC Housing Ltd., Astral Ltd. And Bharat Dynamics Ltd.
- Sai Aravindh recommends buying Delhivery stock at Rs 385 with a target price of Rs 445 and a stop loss at Rs 353.
- Vikas Jain suggests buying Tata Motors stock at Rs 782 with a target price of Rs 920 and a stop loss of Rs 730.
- Vikas Jain advises purchasing Astral stock at Rs 1,800 with a target of Rs 2,010 and a stop loss at Rs 1,690.
Bloomberg Quint | 16 Dec, 2024
Tata Sons Faces IPO Uncertainty With RBI Deliberating On CIC Surrender Plea
- Tata Sons has applied to surrender its core investment company (CIC) registration to the Reserve Bank of India (RBI).
- The RBI is reviewing Tata Sons' request, which could allow the company to avoid listing under strict RBI norms.
- If the surrender is accepted, Tata Sons can remain private and bypass listing requirements.
- Other financial companies like Bajaj Finance, L&T Finance, and LIC Housing Finance are striving to comply with RBI's listing norms.
Bloomberg Quint | 20 Nov, 2024
Maruti Suzuki, LIC Housing Finance, SBI Cards, JK Cement, Symphony And More Q2 Review: HDFC Securities
- HDFC Securities has maintained a 'Buy' rating on Maruti Suzuki and a 'Reduce' rating on LIC Housing Finance.
- The brokerage has reviewed the financial performance of companies like SBI Cards, JK Cement, and Symphony during Q2.
- Maruti Suzuki continues to receive a 'Buy' rating based on its strong brand presence and competitive advantage.
- LIC Housing Finance, on the other hand, has received a 'Reduce' rating due to concerns about the asset quality of its loan book.
Bloomberg Quint | 30 Oct, 2024
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LIC Housing Finance Offices
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LIC Housing Finance FAQs
When was LIC Housing Finance founded?
LIC Housing Finance was founded in 1989. The company has been operating for 36 years primarily in the NBFC sector.
Where is the LIC Housing Finance headquarters located?
LIC Housing Finance is headquartered in Mumbai, Maharashtra. It operates in 6 cities such as New Delhi, Chennai, Pune, Bangalore / Bengaluru, Ghaziabad. To explore all the office locations, visit LIC Housing Finance locations.
How many employees does LIC Housing Finance have in India?
LIC Housing Finance currently has more than 2,100+ employees in India. BFSI, Investments & Trading department appears to have the highest employee count in LIC Housing Finance based on the number of reviews submitted on AmbitionBox.
Does LIC Housing Finance have good work-life balance?
LIC Housing Finance has a Work-Life Balance Rating of 3.7 out of 5 based on 400+ employee reviews on AmbitionBox. 70% employees rated LIC Housing Finance 4 or above, while 30% employees rated it 3 or below on work-life balance. This indicates that the majority of employees feel a generally balanced work-life experience, with some opportunities for improvement based on the feedback. We encourage you to read LIC Housing Finance work-life balance reviews for more details
Is LIC Housing Finance good for career growth?
Career growth at LIC Housing Finance is rated fairly well, with a promotions and appraisal rating of 3.6. 70% employees rated LIC Housing Finance 4 or above, while 30% employees rated it 3 or below on promotions/appraisal. Though the sentiment is mixed for career growth, majority employees have rated it positively. We recommend reading LIC Housing Finance promotions/appraisals reviews for more detailed insights.
What are the pros of working in LIC Housing Finance?
Working at LIC Housing Finance offers several advantages that make it an appealing place for employees. The company is highly rated for job security, salary & benefits and skill development, based on 400+ employee reviews on AmbitionBox.
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