India’s first Mortgage Guarantee Company, India Mortgage Guarantee Corporation (IMGC) is a joint venture that combines the developmental mandate of National Housing Bank (NHB), the technical expertise of Genworth Financial, and the resources of International Finance Corporation (IFC) & Asian Development Bank (ADB). IMGC has come into being with a vision to make early home ownership a real possibility through the provision of Mortgage Guarantee backed home loan products.
Mortgage Guarantee, a relatively new product in India, is actively used by lenders in developed markets as a tool to help promote and advance home ownership making home ownership a real possibility. Considering the financial constraints of buying a house, there are solutions designed in a manner that enable lenders to provide higher loan amounts reducing the level of compromise for home buyers. In the absence of a higher loan amount, borrower looks at alternate sources of funds which are typically more expensive compared to a home loan. Furthermore, many home buyers are keen on purchasing a home but do not have the necessary savings for making the down payment. It is a moving target where you save enough only for aspirations to grow, thus leaving a shortfall once again. We try and help the homebuyers to secure higher loan amounts through various product structures. One of them is to extend the tenure of the payment while securing a higher loan amount for the same EMI that was initially charged. It is a win-win situation for both- the lender and the home buyers. The lender also benefits from this scheme; as mortgage guarantee provides additional protection thereby significantly reducing the element of risk.
At IMGC, we are promoting early home ownership , redefining the way homebuyers access home loans, and empowering them to buy the home of their dreams.
To bring in global credit enhancement expertise that enables early home ownership while mitigating the associated risk.
We consider our values as the guiding force behind how we do business.
Our dealings- external and internal, are handled with the inherent principle of Trust. We believe that partnership is the way forward for building a stronger economy and a brighter future for home owners across the nation.
We are leading the way through new areas of thought leadership, research & development, to become one of the most valued contributors in the mortgage space in the country; and are proud to be India's first Mortgage Guarantee provider.
We are consistent with our principles, keeping all our dealings ethical and honest.
We endeavor to contribute to, and work towards a sustainable and effective proposition that enables not just business growth, but also the development of the economy, the lenders and the society.
Thank you for showing your interest.