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Home Loans Guaranteed
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India Mortgage Guarantee Corporation (IMGC) is India’s first Mortgage Guarantee Company (MGC). We empower housing finance ecosystem by enabling lenders to enhance their credit offering.
Flow or 'Loan by Loan' guarantee is the guarantee given at the time of fresh loan origination to a home buyer. Loan by loan guarantee is especially useful when the lender wants to issue incremental loan amount...
Bulk or 'On-Book' guarantee is the guarantee given to a group of loans that have already been originated. It is used when the lender wants to shield its existing book (full or part) against future credit losses. Bulk or 'On-Book'...
The loan restructuring window has just ended, and it will take another 45 days for more clarity on defaults in the housing finance sector, said Mahesh Misra, CEO, India Mortgage Guarantee Corporation (IMGC). IMGC is the country’s first mortgage guarantee company, and provides mortgage default guarantee to lenders. It has guaranteed over 57,000 homebuyers, crossed the ₹8,500-crore portfolio and onboarded 15 lender partners.
The India Risk Management Awards, organized jointly by ICICI Lombard General Insurance Co and CNBC-TV18, held an insightful master class on new-age risks and their management, with industry veterans and thought leaders coming together under one roof to decode how businesses can de-risk themselves in an age characterized by technological disruption.
In an interview with ETHRWorld, Harpreet Sandhu, CHRO, India Mortgage Guarantee Corporation, said, “Your ability to understand the business and speak the language of your business is what helps any HR professional to move from being a tactical contributor to a business leader who leads the HR function.”
The tables have turned. Indian banks are gaining at the expense of mid-size and small non-bank lenders as far as fresh home loan mortgages are concerned.
Home loan rates in India are at a 15-year low and banks and mortgage lenders are wooing home buyers, asking them to shed their risk aversion and buy their dream homes.