• Discounted log-in fees on home loan applications

Pune, September 06, 2021: Welcoming the current festive season, ICICI Home Finance Company (ICICI HFC) has announced instant approval of home loans for all customers including interested homebuyers who do not have ITR proof. Prospective home buyers visiting any of ICICI Home Finance’s branches in Pune on September 8 and 9, 2021 can get on-the-spot sanctions and avail special discounted log-in fees on their home loan application.

Skilled professionals such as carpenters, electricians, tailors, painters, welders, auto mechanics as well as small and medium-sized business owners, Kirana shop owners from the informal segment of the economy can avail of ICICI HFC’s home loans by submitting a canceled blank cheque, Pan card, Aadhar card, and bank account statements of the past six months at the local ICICI Home Finance branch. Customers who have filed their ITR in recent times must bring ITR proof along with them to the ICICI HFC branch while seeking a loan. Customers can also avail of gold loans without EMI through ICICI HFC’s one-time payment scheme, which allows them to pay the entire gold loan amount with an interest rate at the end of the loan tenure.

ICICI Home Finance has branches in Shivaji Nagar branch on 1187/22 Venkatesh Meher, 2nd floor, Ghole Road, Pune – 411005 and Wakad at office no. 101, 1st floor, Fortune Business Centre, Near Ambience Hotel, Kaspate Wasti, Wakad Pune – 411057.

Mr. Anirudh Kamani, MD & CEO, ICICI Home Finance said, “ICICI HFC’s Maha Loan festival will provide home loans to customers from the informal segment of the economy, and those with or without ITR proof, self-employed or cash salaried among other profiles. All our branches in Pune have local loan processing capabilities to ensure quick sanction of home loans.”

ICICI Home Finance has ensured vaccination of its employees and their dependent family members, as this will help ease their health worries, to create a safe environment at each of the ICICI HFC branches for both customers and partners. ICICI HFC has been observing all protocols as per MHA and MOHFW for the safety of its employees and customers during the COVID-19 period and has undertaken proactive measures across its 157 branches and sales offices.

 About ICICI Home Finance Company Limited – 

 ICICI Home Finance Company Limited (ICICI HFC) is a Housing Finance Company registered with National Housing Bank (NHB) and is a wholly-owned subsidiary of ICICI Bank Ltd. A part of the 65-year-old ICICI Group, the vision of ICICI Home Finance is to make the dream of owning a new home come true, for millions of Indians. The primary business of the Company is to provide a range of home loans and home improvement loans, office premises loans, home equity loans to customers, and construction finance to developers. It also offers services related to these loans like home and commercial property search services.

Today, the Company has over 2000 plus employees and 157 standalone branches and sales offices, including 14 zonal offices in the country.

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Mumbai, 14th June 2021: Shriram Transport Finance Company Limited (“STFC” or “Company”), has successfully raised Rs. 1,998.98 crores via a qualified institution’s placement of equity shares. The Company had launched its QIP on June 7, 2021, and received 6.3x oversubscription. The QIP was priced at Rs. 1,430 per share, representing a discount of 0.23% to the SEBI floor price of Rs.1,433.32. Several FIIs and DIIs participated in the QIP.

The Book Running Lead Managers (BRLMs) to the issue were ICICI Securities Limited, J.P. Morgan India Private Limited, Axis Capital Limited, Citigroup Global Markets India Private Limited, and HSBC Securities and Capital Markets (India) Private Limited.

The board has also approved on 7^th June 2021 a preferential issue of Rs. 500 crores, equally split between equity shares and convertible warrants to the Promoter, Shriram Capital Limited at the issue price of Rs. 1,440 per security.

Mr. Umesh Revankar, Vice Chairman and Managing Director of Shriram Transport Finance Company, while describing the successful issuance stated “We are delighted by the response of and participation by the global and domestic investor community in STFC’s QIP. We believe that the 6.3x oversubscription and successful closure without many discounts is a testament to the value of our franchise and its attractive growth prospects in long term. The QIP proceeds will augment the Company’s long-term resources for funding requirements of business activities, financing future growth opportunities and general corporate purposes.”

About Shriram Transport Finance Company Limited:

STFC is part of the Shriram group which has a strong presence in financial services in India, including Consumer Finance, Life Insurance, General Insurance, Stock Broking, and Distribution of financial products businesses. Established in 1979, STFC has a long track record of over three decades in the commercial vehicle financing industry in India. STFC is one of the leading non-banking finance companies classified as an Investment and Credit Company in the organized sector in India that cater to first-time buyers and small road transport operators for financing pre-owned commercial vehicles. It offers financial services to commercial vehicle operators, thereby providing comprehensive financing solutions to the road logistics industry in India. It has a pan-India presence with 1,817 branch offices, as of March 31, 2021, and manages assets of over Rs. 1,17,200 crores and has a customer base exceeding 21 lakh. , It also provides new CV financing besides other products like accidental repair loans, tire loans, and working capital finance, etc. For more information please visit https://www.stfc.in/

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