About IIFL Home Finance Limited
IIFL Home Finance Limited (CIN: U65993MH2006PLC166475) is a registered housing finance company with National Housing Bank (NHB). It was incorporated under the Companies Act, 1956 and commenced its operations in 2006 and received registration certificate from NHB in 2009.
IIFL Home Finance Limited is subsidiary of IIFL Finance Limited - one of the leading players in Indian financial service space. With its head quarter in Gurgaon, company is engaged in providing loans for purchase, construction and renovation of homes; SME Secured loans for business & personal needs and Construction finance loans to developers engaged in construction of affordable homes.
The company has been rated as AA (Positive) by CRISIL AA (Stable) by ICRA.
We are a brand that is
not afraid to dream big and see those dreams to fruition.
Our single minded focus in providing investment advice while ensuring the highest standards of ethics and compliance, transparency while transacting business and staying ahead of the curve in technological innovations has helped us build credibility and a reputation we are proud of today.
3.56+ Lakh Satisfied and Trusted Customers
380+ Branches Spread Across India
Significance of our logo
Nine triangles which form Sri Yantra
A In Hindu Mythology, the nine interlocked triangles that surround and radiate from the centre (bindu) symbolize the highest, the invisible and elusive centre from which the entire figure and cosmos expand.
Our brand represents a cosmos in itself, where two worlds meet. One, where we together strive to grow and expand and the other, where we strive to make possibilities infinite for our customers. It is the confluence of these two thoughts, represented by the age old symbol of converging powers that stands as the face of our brand.
Awards
Indian CSR Awards by Brand Honchos
She Creates - CSR Initiative of IIFL Home Finance
Date : 2024-11-29
7th Elets NBFC 100 Leaders of Excellence Award
Excellence In Risk Management to IIFL Home Finance
Date : 2024-11-21
Inkspell 8th DOD 2023
Cross-Channel Marketing Campaign
Date : 2024-03-20
LACP 2022/23 Vision Awards
Integrated Annual Report (2022-23)
Date : 2024-02-19
Glimpse Into Our Journey
- ADIA acquires a 20% stake with a capital infusion of INR 22 billion
- Crossed the milestone of 2,00,000 customers
- Women Borrowers - 1,38,449 (59%)
- Digital onboarding and decisions of SME Secured Loans
- Rapid expansion of footprints to reach potential customers in tier III and tier IV cities
- 9 Chapters of ‘Kutumb’ were conducted
- Certified ‘Great Place to Work’ for 4th year in a row
- 100% customer digital onboarding
- Technical Assistance (TA) of USD 10 million from Asian Development Bank (ADB) and funding of USD 58 million
- Launched our 1st Green Construction Handbook
- Enabled green pre-certified homes to 15,107 families through our Green Value Partners (GVP)
- Survived strong headwinds for NBFC/ HFC industry (Covid-19 & Liquidity crisis) while maintaining AUM and profitability
- Penetrated deep into Tier 2 & 3 markets as a part of our expansion market strategy
- INR 700 cr refinance from NHB, cumulative refinance of INR 2,525 cr
- Completed a total of 6 Chapters of Kutumb - an initiative towards green affordable housing
- Served 1,24,000+ customers with live book of 94,400+ customers
- >127 Branches (as on March 31, 2020)
- CLSS Beneficiaries 42,500+
- 1000+ cr (INR) CLSS Subsidy Disbursed (as on September, 2020)
- Best Performing Primary Lending Institution under CLSS for EWS/LIG – Second’ by MoHUA
- INR 1,000cr+ refinance from NHB, cumulative refinance of INR 1,800cr+
- Served 1,00,000+ customers with live book of 72,000+ customers
- 127 Branches
- CLSS Beneficiaries 16,500+
- 386 cr+ (INR) CLSS Subsidy Disbursed
- Conceived the idea of ‘Green Affordable Housing’
- Aligned the business strategy with Kutumb
- Identified among top 3 PLI’s by NHB for facilitating subsidy under PMAY (U)
- 2nd Refinance received from NHB with cumulative finance of INR 800 cr+
- 50,000+ Customers
- 79 Branches
- CLSS Beneficiaries 11,000+
- 260 cr+ (INR) CLSS Subsidy
- JHATPAT App goes LIVE for salaried customers
- INR 160cr+ refinance received from NHB
- 27,000+ Customers
- 59 Branches
- CLSS Beneficiaries 2,100+
- 45 cr+ (INR) CLSS Subsidy Disbursed
- Introduced SWARAJ Home Loans
- Aligned business strategy with ‘Housing for All’
- Digital journey conceived
- 14,000+ Customers
- 58 Branches
- CLSS Beneficiaries 60+
- 1.30 cr+ (INR) CLSS Subsidy Disbursed
- Focus on Affordable Home Loans
- 4,700+ Customers
- 12 Branches
- Received Registration Certificate from NHB
Leadership
Board of Directors
Mohan Sekhar
Independent Director
Mohan Sekhar is a recognized C-level global IT Consulting & Services industry thought leader with over 30 years’ experience in transforming both large and midsized organizations enabling market leading growth and profitability. He has led the rotation of business to Digital, transformed talent to new technologies and architected Innovation at scale, a first in the industry. He has served on the board of both publicly listed and privately held companies. The past 3 years, he has been part of the startup ecosystem in advisory roles.
Mathew Joseph
Independent Director
Mr. Mathew Joseph has over 35 years’ experience with India’s Largest Housing Finance Company and superannuated as Member of Executive Management and Chief Risk Officer. Apart from overseeing Risk, his expertise included both Retail and wholesale Financing and was a Member of Core Committees of the Corporation. During his tenure with the Corporation, he led World Bank / IFC assignment’s for supporting and establishing Housing Finance Institutions in Africa and Asia. He holds a bachelor’s degree in science from the Madras University and is a Member of the Institute of Chartered Accountants. He is a Director on the Boards of Tamil Nadu Urban Infrastructure Financial Services Ltd, Tamil Nadu Urban Infrastructure Trustee Co Ltd, Veritas Finance Private Ltd and a Consultant with World Bank for their Affordable Housing Fund. He is also an advisor on Lok Capital, an Impact Fund.
Venkataramanan Anantharaman
Independent Director
Mr. Venkataramanan Anantharaman has over 30 years of experience in the financial services sector in India and overseas, having led corporate and investment banking teams in several leading international banks. He was also a Senior Advisor to British International Investment (formerly CDC), the UK Government Development Finance Institution. He is currently Chairman of Transunion CIBIL, India’s leading Credit Information Bureau and is on the Boards of The Indian Hotels Company Limited, Axis AMC and Ecom Express. He is an advisor to Lighthouse Funds, a leading consumer and healthcare focussed mid-market growth private equity firm. He brings strong Board level advisory experience across mergers & acquisitions, capital markets, risk management, HR and ESG. Anantharaman holds a BE in Metallurgy from Jadavpur University and a PGDBM from XLRI, Jamshedpur. He has also has an FT Non-Executive Director Diploma and an ESG Competent Boards Certificate and Designation (GCB.D).
Kabir Mathur
Nominee Director
Mr. Kabir Mathur is Head of Asia Pacific within the Private Equities Department of Abu Dhabi Investment Authority (ADIA). He is responsible for leading all aspects of ADIA’s private equity activities in the Asia Pacific region and is a member of the Private Equity Executive Committee. Prior to joining ADIA in 2018, Mr. Mathur worked at Kohlberg Kravis Roberts & Co (KKR) where he was responsible for sourcing, executing and managing private equity investments in Asia. Mr. Mathur joined KKR in 2008, having previously worked at TPG Capital, also in their Asian private equity business. Mr. Mathur began his career in the Investment Banking division of Citigroup/Salomon Smith Barney. Mr. Mathur graduated from the London School of Economics and Political Science with a BSc (Hons.) in Economics.
Mohua Mukherjee
Independent Director
Ms. Mohua Mukherjee is a seasoned development economics professional with thirty years of international experience. She was among the youngest candidates ever selected for the globally competitive Young Professionals’ Program of the World Bank in Washington DC. Her career at the World Bank included responsibility for designing and supervising World Bank investment projects, based on dialogue with Ministers and senior government officials in client countries. Mohua has led policy dialogue and formulated investment projects in 9 different sectors of the economy, in 44 countries on 4 continents, all pertaining to the UN’s Millennium Development Goals and later the Sustainable Development Goals. She is an experienced leader of multi-disciplinary teams and has received various awards of appreciation from government clients for her consultative approach.She headed the Corporate Finance department first at Citibank and then at ABN AMRO Bank Nairobi, Kenya. Apart from this hands-on financial sector experience in Kenya, Mohua also has energy sector investment experience in 15 African countries, plus Nepal and Bangladesh and of course India as well.From 2014-2017, Mohua led the India Solar Energy Team of the World Bank, and she was responsible for managing a large team of professionals to complete the delivery of a US$1 billion solar program to the government of India. The US$640 million blended-finance Solar Rooftops project with the State Bank of India, which she designed from the start, brought the OPEX model to the Indian solar rooftop market. Apart from the solar energy sector, Mohua also has a great deal of experience in the Indian electricity distribution company sector. She has contributed to various World Bank publications and also has three solo-authored books, with the most recent one being (in 2014) on private participation in the Indian power sector.In 2017 she ended her long career in Washington and moved to Bangalore for family reasons. Following her relocation to India, Mohua worked pro-bono for 2 years at the International Solar Alliance, to support its initial establishment. She is currently a World Bank consultant and she is Advisor to the India Smart Grid Forum.Mohua has a Bachelor’s and Master’s Degree in Economics, with distinction, and a Master of Business Administration degree in International Finance, all from Boston University. She also has a certificate in Public Private Partnerships from the Harvard Kennedy School.
Nirmal Jain
Non Executive Director
He is a MBA from IIM, Ahmedabad, a rank holder Chartered Accountant and a Cost Accountant. He started his career in 1989 with Hindustan Lever Limited (HUL), the Indian arm of Unilever. He founded Probity Research and Services (later re-christened as India Infoline Limited) in 1995; one of the first independent equity research companies in India. Under his leadership, IIFL Group has grown into a dominant and diversified player in the financial services space.
R. Venkataraman
Non Executive Director
Mr. R. Venkataraman is a non-executive Director of our Company . He holds Post Graduate Diploma in Management from the Indian Institute of Management (IIM), Bangalore, and a Bachelor’s degree in Electronics and Electrical Communications Engineering from IIT Kharagpur. He has contributed immensely to the establishment of various businesses and spearheading key initiatives of the IIFL Group over the past 25 years. He previously held senior managerial positions in ICICI Limited, including ICICI Securities Limited, their investment banking joint venture with JP Morgan of US, and Barclays – BZW. He also worked with GE Capital Services India Limited in its private equity division. He has a varied experience of more than 32 years in the financial services sector.
Ramakrishnan Subramanian
Independent Director
Mr. Ramakrishnan Subramanian is a Chartered Accountant, Cost Accountant and Master’s in Commerce. He has served several leading Banks, FIs in leadership roles since 1990 in India and abroad. He is a Sr Advisor & Nominee Director and a Strategic consultant with leading Private equity, Venture Capital, Fintechs. He has 30 plus years of leadership experience in Banking and Strategic Consulting in India, Singapore, Hong Kong, Thailand, Vietnam, APAC markets with expertise in Board, Advisory & Consulting, CEO & Country Head roles, Business Head, Risk.
Srinivasan Sridhar
Chairman & Non- Executive Director
Mr. Srinivasan Sridhar is an eminent personality in the Banking and Finance industry and has held several senior positions in retail, corporate and export/import banking in his career of almost 4 decades culminating as the Chairman of NHB and the Central Bank of India. In his stint as Chairman and Managing Director of the NHB, he was responsible for a number of new initiatives such as the NHB Residex, Rural Housing Fund, and Reverse Mortgage for senior citizens. Prior to this, he was associated with the Export Import Bank of India as Executive Director as well as the State Bank of India in the early part of his career.
Monu Ratra
Executive Director & CEO
Mr. Monu Ratra is a veteran in the mortgages industry with nearly two decades of experience. Mr Ratra has been associated with brands like HDFC Ltd., ICICI Bank and Indiabulls Housing. Prior to joining IIFL Home Finance Limited, his last assignment was with Indiabulls HFC as National Business Manager. Mr. Ratra has been a part of the pioneering teams leading various functions to provide excellence through process and quality initiatives, contributing to industry-leading growth. While with the last company, his efforts and vision led to building of a growth sales structure, starting from a scratch, in a start up like environment. At IIFL Home Loans, Mr. Ratra brings strong focus on developing and delivering customer satisfaction with ease and low turn around time.
Management
Monu Ratra
Executive Director & CEO
Mr. Monu Ratra is a veteran in the mortgages industry with nearly two decades of experience. Mr Ratra has been associated with brands like HDFC Ltd., ICICI Bank and Indiabulls Housing. Prior to joining IIFL Home Finance Limited, his last assignment was with Indiabulls HFC as National Business Manager. Mr. Ratra has been a part of the pioneering teams leading various functions to provide excellence through process and quality initiatives, contributing to industry-leading growth. While with the last company, his efforts and vision led to building of a growth sales structure, starting from a scratch, in a start up like environment. At IIFL Home Loans, Mr. Ratra brings strong focus on developing and delivering customer satisfaction with ease and low turn around time. Mr Ratra is passionate about building stronger businesses, adapting and aligning company with new technology and digital era, and maintaining everlasting culture of customer centricity.
Abhishikta Munjal
Chief Risk Officer
Ms. Abhishikta Munjal, a Chartered Accountant by profession 2002, started her career with Price WaterHouse in Statutory Audit vertical and thereafter moved to ICICI Bank as a credit underwriter- housing finance in 2004. Ms. Munjal brings rich experience of 18 years in the mortgage industry. She had worked with organizations like Kotak Mahindra Bank, Edelweiss Housing Finance and her last stint before joining IIFL was with Indiabulls Housing Finance as AGM-Policy & Systems Developments. She joined IIFL Home Finance Limited in October 2014 and within very short span, she went on to become Head-Product, Policy and Risk and has been managing vide rage of assignments under risk and policy such as Predictive Risk analytics, Reactive Risk analysis, changes in policies and processes basis risk analysis, automation of system development and monitoring. She has been instrumental in managing risk, development of Insta Loans, effectively interfacing with people at all levels, managing healthy work environment and inculcating bonded teamwork with high work ethics.
Ajay Jaiswal
Company Secretary and Chief Operating Officer
Ajay Jaiswal is a seasoned professional with over 23 years of extensive experience in compliance and corporate governance. A member of the Institute of Company Secretaries of India, he currently serves as the Chief Operating Officer and Company Secretary at IIFL Home Finance Ltd. Prior to this, Mr. Jaiswal held key leadership roles as Head of Compliance and Company Secretary at Edelweiss Housing Finance and Deutsche Postbank Home Finance. His career also includes significant positions as Company Secretary at Habitat Housing Finance Ltd. and Marvel Vinyls.
Gaurav Seth
Chief Financial Officer
Mr. Gaurav Seth is a Chartered Accountant from the Institute of Chartered Accountants of India and Bachelor in Commerce from Kanpur University. He has 24+ years of diverse functional experience in partnering with business to find solutions and sustain growth in ever-changing markets. He is also an innovative and result-oriented business leader focused on achieving exceptional results in a highly competitive environment. In his last stint he was leading finance function as Chief Financial Officer of Airtel Payments Bank and was responsible for Treasury, capital plan, investment returns, pricing and profitability across products, business segments & operations and he has also served for Canara HSBC OBC Life Insurance Co. India Ltd. and Aviva Life Insurance Company India Pvt. Ltd. among others.
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iiflhomeloans.com
Click here for
Disclaimer:
This link will bring you to a third party website owned and operated by an independent entity over which IIFL Home Loans has no control ("Third Party Website"). For more details, click to read our Terms and Conditions.
Retail Prime Lending Rate
Prime Lending Rate for Home Loan is 16.85% w.e.f. 1st September, 2024.
Prime Lending Rate for Non Home Loan is 19.15% w.e.f. 1st September, 2024.