India Mortgage Guarantee Corporation - IMGC

We are India’s first mortgage guarantee company (incorporated in 2012) and are regulated by the Reserve Bank of India (RBI) guidelines for mortgage guarantee companies. Born out of a vision for facilitating early home ownership and making housing affordable, our primary objective is risk mitigation for lending institutions by providing a backstop against credit defaults. Having partnered with over 25 lending institutions (including banks and housing finance companies), we have helped over 1,75,000 households across 400+ locations realise their dream of owning a home. We have issued guarantees of over ₹45,000 Crore. About Mortgage Guarantee The mortgage guarantee program offers a first-loss credit default guarantee to protect against losses arising from non-repayment by borrowers on home loans. The program also facilitates lender institutions to expand their product offerings by using risk mitigation as an effective tool. A thriving mortgage guarantee program has the following benefits: Customer: Freedom in terms of choice of lenders and interest rates Higher eligibility Flexible repayment terms Enabling early home ownership Lender: Tackle unexpected losses Higher approval rates with lower associated risk Credit & geographic expansion Cash-flow support at NPA Ecosystem: Expand to a new customer base Ensure financial stability Ensure availability of finance to underserved & unserved segments of society