Industry: Banking
Housing Development Finance Corporation Limited (HDFC) provides financial services and a training facility for individuals, corporate customers, and non resident Indians primarily in India. It offers home loans, home improvement loans, home extension loans, home conversion loans, home equity loans, short-term bridging loans, loans against the mortgage of the existing homes, land purchase loans, and loans to professionals for non residential premises. The company accepts fixed and variable rate deposits, such as monthly income plans, non-cumulative deposits, annual income plans, cumulative deposits, and senior citizens deposits; retail savings products primarily through agents; and trust deposits.
Its training facility, Centre for Housing Finance, provides technical assistance in the field of institutional development to national governments and housing finance institutions in developing countries in the south Asian and African regions, as well as offers managerial training; and training for systems development and improvement to the housing finance institutions.
In addition, the company, through partnerships with the financial institutions, provides specialized financial services. It offers property related services, such as property identification and sales service; and valuation of commercial and residential premises for corporate clients. Further, the company, through its subsidiaries, provides banking services; mutual funds; life, personal, commercial, accident and health, and rural insurance products; and financial management solutions to individuals encompassing home loans, life insurance, mutual funds, fixed deposits, and property solutions.
