housing finance company in india housing finance company in kolkata housing finance company is required to get registered housing finance company list housing finance company registration housing finance company regulated by housing finance company meaning housing finance company share price housing finance company are regulated by housing finance companies accepting deposits housing finance companies are nbfc housing finance companies act housing finance companies annual report housing finance companies analysis housing finance companies aum housing finance companies app a housing finance company is required to get registered a leading housing finance company the housing finance companies (nhb) directions 2010 the housing finance companies (nhb) directions 2001 the kuyasa housing finance company how does a housing finance company work the kuyasa housing finance company pty ltd setting up a housing finance company in india housing finance company business model housing finance company bank housing finance company vs bank shubham housing finance company baramati maharashtra housing finance company in bihar housing finance company in bangladesh housing finance company of kenya branches housing finance company compliance housing finance company careers housing finance companies complaints housing finance companies comparison housing finance companies crisis india housing finance companies car housing finance companies capital adequacy housing finance companies capital requirements lic housing finance company lic housing finance company share price lic housing finance company secretary lic housing finance company profile lic housing finance company limited lic housing finance company ltd lic housing finance company secretary recruitment lic housing finance company results housing finance company in delhi housing finance company fixed deposit crisil(faaa) housing finance company of dhfl shubham housing finance development company housing development finance company share price aadhar housing finance ltd company details dewan housing finance company dream housing finance company dataset egyptian housing finance company edelweiss housing finance company brick eagle housing finance company example of housing finance company north east region housing finance company limited north east region housing finance company limited annual report north east region housing finance company ltd housing finance company fd housing finance company faq housing finance company funding housing finance companies fd interest rates housing finance companies fd rates housing finance companies fixed deposit housing finance companies features housing finance companies guidelines housing finance companies growth housing finance group company shubham housing finance company gurugram haryana housing finance company rbi guidelines housing finance company in gurgaon housing finance company in gujarat housing finance company in guwahati housing finance company (hfc) housing finance company history housing finance companies (hfcs) housing finance companies hyderabad housing finance companies in haryana housing finance companies may have to report liquidity status shubham housing development finance company history housing finance company in nse housing finance company in lucknow housing finance company in raipur housing finance company in mumbai housing finance company jobs housing finance company job in indore housing finance companies jobs in india housing finance company in jaipur housing building finance company jobs housing finance companies in jodhpur housing finance companies in jabalpur housing finance companies in jharkhand housing finance company kenya housing finance company kuwait housing finance.co.ke housing finance company of kenya ltd housing finance company of kenya limited housing finance company of kenya contacts housing finance company of kenya careers housing finance company limited housing finance company list in india housing finance company limited seychelles housing finance company ltd housing finance company latest news muthoot housing finance company limited swagat housing finance company limited housing finance company market share mamta housing finance company private limited muthoot housing finance company ltd muthoot housing finance company limited annual report housing finance company news housing finance company name housing finance company nhb housing finance companies (nhb) directions 2010 housing finance companies near me housing finance companies (nhb) directions 2001 housing finance companies nbfc housing finance companies nse housing finance company of kenya housing finance company of uganda housing finance company of kenya address list of housing finance company list of housing finance company in india benefits of housing finance company regulator of housing finance company registration of housing finance company definition of housing finance company moa of housing finance company housing finance company pune housing finance company profile housing finance companies ppt housing finance companies pdf housing finance companies performance in india indiabulls housing finance company profile interview questions for housing finance company housing finance company rbi housing finance company requirements housing finance company registration in india housing finance company ranking housing finance company ratios housing finance company stocks housing finance company seychelles housing finance company seychelles contact housing finance company in surat indiabulls housing finance company share price housing finance company tata capital housing finance companies to invest housing finance top company best housing finance company to invest first housing finance company tanzania housing finance company in tamilnadu housing finance companies in trichy housing finance companies news today l&t housing finance company housing finance company upsc housing finance company uganda ummeed housing finance company ujjawala housing & finance company pvt ltd upcoming housing finance company shubham - housing development finance company ujjain set up housing finance company shubham housing development finance company varanasi uttar pradesh au housing finance ltd a u housing finance limited au housing finance limited au housing finance a u housing finance vastu housing finance company vacancy in housing finance company housing finance company wikipedia housing finance company wiki leaf housing finance company website how housing finance companies work housing finance companies registered with nhb housing finance companies in warangal housing finance companies registered with rbi housing finance companies in west bengal yes bank housing finance company muthoot housing finance company limited zauba shubham housing development finance company zauba shubham housing development finance company limited zauba shubham housing development finance company ltd zauba top 10 housing finance company in india top 10 housing finance company no 1 housing finance company in india 1st largest private housing finance company in india housing finance companies directions 2010 housing finance companies budget 2019 housing finance companies in india 2018 housing finance companies in india 2019 muthoot housing finance company limited annual report 2019 muthoot housing finance company limited annual report 2018 top 3 housing finance companies in india civitas social housing finance company 4 limited compliance for housing finance company top 5 housing finance company in india top 5 housing finance company
Housing Finance Company
HOUSING
FINANCE
CBrinOging Myour PDreAamsN ComYe true
to have You own Living
By- Harshit Sharma
HOUSING FINANCE COMPANIES
IN INDIA: BACKGROUND
With prices of real estate soaring across India over the last
few years, buying a house can be tough for most salaried
people.
However, this need not throw a wet blanket on your dreams
of owning a home. Dozens of banks and NBFCs across India
are making the dream of owning a home come true for
millions of people every year.
This includes people from low to high-income groups, who
cannot afford to make a one-off payment to buy a house.
TOP 10 HOUSING FINANCE
COMPANIES IN INDIA
WHAT IS THE HOUSING FINANCE
COMPANY REGISTRATION?
As per section 29A of the National Housing Bank Act, 1987 it is
compulsory for every proposed housing finance company to
procure a certificate of registration from NHB before initiating
activities related to housing finance.
For Housing Finance Company registration, you can also take
help of Enterslice as it has filed multiple applications with the
NHB for HFC license.
[NOTE: HFCs cannot conduct business of housing finance without obtaining a Certificate of Registration (CoR) from NHB. Conduct
of business without obtaining certificate of registration is an offence punishable under the provisions of the National Housing
Bank Act, 1987. NHB can also file application for winding up of such HFCs, under section 33B of the said Act.]
REGULATORY AUTHORITY FOR
HOUSING FINANCE COMPANY
IMPORTANT GUIDELINES
UNDER HOUSING FINANCE
SECTOR
For Housing Finance Companies, NHB has
come up with a set of guidelines in terms
of;
Financial assistance;
Prudential norms for income recognition;
Asset classification;
Regulating deposits taking activity etc.
To materialize this sector there is a requirement
of synchronization between the Government,
Reserve Bank of India (RBI) and National
Housing Bank (NHB).
RBI regulates – lending to the housing by Banks
NHB regulates – lending to the housing by HFCs
REQUIREMENTS FOR HOUSING
FINANCE COMPANIES IN INDIA
KYC Documents
Bank Statements/ Passbook Copies
Employer’s Certificate
Employer Credentials
CIBIL Score
DOCUMENTS REQUIRED TO
INCORPROATE HOUSING
FINANCE COMPANY
• Certified Copy of MOA &
•D.D. of Rs. 10,000A/-O inA favor of NHB, New
• DBeolahrid;
• CReertsiofilcuattioen by
• Businesps rPolfaens sfioorn tahle next 3
• Coymeaprasny
• Business profilep rooffi MleD/Directors/CEO
• Audited Financeet cfo. r the last three
• Certificatey oefa drsirectors and
• Certificeamtep bloyy pereosf;essional
• Details of the comparneyg warhdeinreg promoters/ directors,
associated;
PROCESS OF HOUSING
FINANCE COMPANY
REGISTRATION
For Housing Finance Company Registration, an applicant
company has to submit a physical copy of the application (in
duplicate) along with the necessary documents which are
mentioned above to the Head Office of the “National Housing
Bank” along with the Demand Draft of INR 10,000/- in favor of
National Housing Bank payable at New Delhi. Our team of
expert professionals can help you and can make the process
easy for you.
CONDITIONS PERTAINING TO THE GRANT
OF HOUSING FINANCE COMPANY LICENSE
BY NHB
HFC is or shall be in a position to pay its present or future depositors in full as and when their claims accrue.
The Business Affairs of the Housing Finance Company are not being or are not likely to be conducted in a manner
adverse to the interest of its present or future depositors.
The operations and policy of the company should not be against the public interest or against the interest of the
depositors.
HFC has sufficient capital structure and better earnings prospects.
Public interest shall be served, once the certificate of registration is granted to the HFC to commence or carry on the
business in India.
Any other condition, fulfillment of which in the opinion of the NHB, shall be necessary to ensure that the
commencement of or carrying on the business in India by an HFC shall not be prejudicial to the public interest or in the
interests of the depositors.
HOUSING
FINANCE
COMPANY
VIS-À-VIS
BANKS
CONDITIONS PERTAINING TO THE
CANCELLATION OF THE HOUSING FINANCE
COMPANY LICENSE BY THE NHB
Cancellation is subject to certain provisions,
if such company
Ceases to carry on the business of financing in India;
or
HFC has not complied with the below-mentioned
terms and condition prescribed by the NHB
to comply with any direction issued by the National
Housing Bank under the provisions of the National
Housing Bank Act 1987; or
to maintain accounts in accordance with the requirement
of any law or any direction or order issued by the
National Housing Bank under the National Housing Bank
Act 1987; or
Mandatory to submit its books of accounts and other
relevant documents as per NHB Act, when demanded; or
Has been prohibited from accepting deposit by an order
made by the National Housing Bank.
WHAT ARE THE POST-INCORPORATION
FORMALITIES FOR HOUSING FINANCE
COMPANY?
•Development of loan processes;
•Development of loan policies, including appraisal techniques & tools;
•Development of IT Infrastructure;
•Board Structure;
•Organizational Structure and Drafting of Policies;
•Product Development;
•Legal Operations;
WHAT ARE THE MANDATORY
COMPLIANCES FOR HOUSING FINANCE
COMPANIES TOWARDS NHB?
It is required for every HFC to file an annual return, half yearly return and quarterly
return in respect of prudential norms, maintenance of liquid assets respectively;
Annual submission of the auditor’s certificate, certifying the capability of the HFC to
repay deposits;
Copy of the financial statement and annual report;
Timely return in respect of change in registered office, change in directors etc.
Filing a copy of the advertisement soliciting public deposits or statement in lieu
thereof.
HFCs have to comply with the IND-AS provisions.Net Owned Fund
(NOF) requirement
for Housing Finance
Company
Registration Market Size
Comments