Digital India’s fastest growing and sustainable real estate finance company, IIFL Home Finance Ltd. disbursed loans of nearly 3000 cr, in the first semester of 2021-2022



Winning awards and accolades like Sustainability Initiative of the Year (Business Intelligence Group), Green Brand of the Year (International Advertising Association) and The Economic Times Best BFSI Brand 2021, IIFL Home Finance Limited has already made its mark in BFSI and financing of housing sector.
IIFL Home Finance Ltd., a wholly-owned subsidiary of IIFL Finance Ltd., experienced 12% year-on-year growth in its assets under management (assets under management) figures and disbursed loans amounting to nearly 3,000 crore in the first half ending in September. 30 in fiscal year 2021-2022, with total assets under management of 21,474 crore as of the same date.
The company recorded 19% year-on-year growth in its loan portfolio, standing at 15,320.99 crore (for the six-month period ended September 30, 2021) against a loan portfolio of 12,892.74 crore as of 30 September 2020. Additionally, Company Profit After Tax (PAT) increased 70%, year over year, amounting to 284.02 crore, as in first half ended September 30, 2021. The reported net NPA (non-performing assets) for the same period is 1.40%.
Despite the macroeconomic headwinds, the company pursues its financial and sustainable growth.

The company has also signed co-loan agreements with banks such as Punjab National Bank (India’s second largest public sector bank), Central Bank & Union Bank of India for home loans and with Standard Chartered Bank (the one major foreign banks in India) for the provision of credit to MSMEs through guaranteed commercial loans. IIFL HFL has also signed a pact with ICICI Bank for the provision and service of home loans and secured business loans.
IIFL HFL has disbursed loans totaling 610 crore to date under these agreements as of November 30, 2021.
The IIFL HFL recently announced the launch of its new eco-friendly home loan product, highlighting the need for an affordable ‘green’ housing ecosystem in India. With the new product, IIFL HFL offers a flat rate discount of 0.25% on the mortgage interest rate if the mortgage client purchases an apartment / property pre-certified by IGBC (Gold / Platinum rating) or GRIHA (4/5 star rating). This offer is applicable to all new home loan clients across the country who meet the prerequisites and product conditions as defined by the IIFL HFL.
IIFL Home Loans is the first home finance company to launch a green product / offering like this. The company, through its Green Value Partners (GVP), who are the green architects, also provides end-to-end support (maintenance) to the developer and works with him throughout the lifecycle of a project, from concept to completion, ensuring successful achievement of the vision and effectiveness of the planned project, as well as Green Building certification. IIFL HFL GVPs have facilitated the pre-certification of 16 green projects to date and enabled 13,296 families to have pre-certified green homes, resulting in savings of 9,074 Mwh (megawatt hour) each year of energy, 524 megaliters of water and an offset of 8349 tonnes of carbon dioxide (CO2).
The IIFL Home Finance Limited (IIFL) and the Asian Development Bank (ADB) recently signed an agreement for Technical Assistance (TA) that will help promote green and affordable housing solutions in India. Through TA, IIFL HFL and AfDB will sensitize developers and other affordable housing market stakeholders to climate risk mitigation and adaptation and certified green housing standards. The IIFL HFL recognizes and adheres to the United Nations Sustainable Development Goals (United Nations SDGs) and has aligned its main efforts with 4 of the 17 United Nations SDGs, which are SDGs 9, 10, 11 and 13. The company also contributes in part to other SDGs, and presented its first sustainability report this year, which is publicly available on the company’s website,
About IIFR Home Finance Limited:
Incorporated in 2006 and registered in 2009 with the National Housing Bank (NHB), IIFL Home Finance Limited is a wholly owned subsidiary of IIFL Finance Limited. The company is one of the leading housing finance companies in India and is a prime choice for affordable home loan needs. With their affordable home loans, IIFL Home Finance makes people’s aspirations to own a home come true. As a player in technology-driven housing finance, they strive to make the customer experience as seamless as possible; having made the entire home loan lifecycle, that is, from origination to closing, fully digitized. Their state-of-the-art IT infrastructure has helped reduce costs, analyze customer data in real time, improve control and underwriting functions, while increasing customer reach and distribution capacity.
The IIFL HFL has adopted and implemented a social objective in all aspects of its business, in accordance with the vision of “full profitability” and the ESG framework with a greater emphasis on sustainable growth. They operate a client-centric and financially inclusive lending business and believe their business model contributes significantly to the EWS and LIG segment. As of March 31, 2021, 74.90% of their real account came from customers belonging to the EWS and LIG segment. Through the provision of loans for the purchase of housing to a customer segment that is not served by the traditional financial services sector and the employment of staff in rural and semi-urban areas across the India, they fulfill an important social objective of economic boom for these segments. of the Indian economy.
IIFL HFL offers its clients a range of mortgage related lending products, including:
1. Home loans, for the purchase of fully-built residential units, under construction by licensed builders, self-construction, home improvement on used properties and purchase of land for the construction of residential properties
2. Secured commercial loans, mainly to meet working capital needs, commercial use and purchase of commercial property; and
3. Affordable Housing Project Loans, to cover the construction costs of affordable housing projects from reputable developers.
To apply, click here.

Disclaimer: Content produced by IIFL Home Finance Ltd.



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