India Mortgage Guarantee Corporation (IMGC) is a specialized financial institution established to indemnify lending institutions for losses on housing loans due to borrower default. A joint venture between the National Housing Bank (NHB), Genworth Financial, the International Finance Corporation (IFC), and the Asian Development Bank (ADB), IMGC's mission is to promote early homeownership and expand access to housing finance in India. By providing guarantees, it reduces the credit risk for lenders, enabling them to offer higher loan amounts (higher LTVs) and longer tenures, thereby making housing more affordable for borrowers.

Founded in

India