GIC Housing Finance has received approval from its board of directors for incorporation of new subsidiary company for the purpose of carrying mainly the business of marketing and collection of the housing Loan products (along with other financial products) and such other objects as may be provided in the Memorandum of Association (MOA) of the new company. The Company’s Board of Directors in its meeting held on March 07, 2020, considered and approved the same.
GIC Housing Finance’s primary business is granting housing loans to individuals and to persons/entities engaged in construction of houses/flats for residential purposes.
