IIFL Home Finance Ltd. (IIFL HFL) focusses on expansion in the East Zone of India and sponsors 600 kits for underprivileged children participating in the BVL event in Duliyaganj, Assam.

• ● IIFL HFL major expansion plan in East Zone of India

• ● Reaching the number of 400 IIFL Home Loans branches across India by next year

• ● IIFL HFL will provide 600 kits for underprivileged children participating in the tournament.

• ● IIFL HFL aims to support the cause of education for underprivileged children in India

• ● IIFL HFL AUM stands more than Rs 26,000+ cr

Delhi: 06^th April 2023: IIFL Home Loans, one of India's leading housing finance companies, has announced a major expansion plan in the east zone of the country with branches in the North-East, Odisha, Bihar, Jharkhand and West Bengal. In addition to this, the company is also planning to add almost 50 branches by next year, which will bring the total number of IIFL Home Loans branches to over 400 across India.

The company's expansion plan in the east zone of India is a part of its strategy to strengthen its presence in the country and to cater to the growing demand for home loans. With the opening of new branches, IIFL Home Loans will be able to provide customized home loan solutions to its customers, keeping in mind their specific needs and requirements.

This expansion plan is aimed at providing easy access to affordable housing finance to the people living in the eastern part of the country. IIFL Home Loans is committed to supporting the government's efforts to provide housing for all and to promote economic growth in the region.

In addition, IIFL has also announced its sponsorship of the Brahmaputra Volleyball League, scheduled to take place from 2nd to 6th April in Duliyaganj, Assam. The company has sponsored 600 kits for underprivileged children participating in the tournament. As part of its commitment to the development of sports in the country, IIFL Home Loans is proud to support the Brahmaputra Volleyball League. The tournament promises to be an exciting event, showcasing the talent of young athletes from across the region.

The Brahmaputra Volleyball League is an important event for the people of Assam, and IIFL Home Loans is honoured to be associated with it. Through this sponsorship, the company aims to encourage and support the development of sports in the region, particularly among underprivileged children who may not have access to resources otherwise.

IIFL Home Loans has a proven track record of providing affordable and hassle-free home loan solutions to its customers across the country. The company is confident that its expansion plan in the east zone of India will enable it to reach out to more customers and help them realize their dream of owning a home.

Expressing his view on the development, Amit Sengar (Zonal Sales Head, IIFL HFL) said “With this expansion plan, IIFL Home Loans is poised to make a significant contribution to the housing finance sector in India, supporting the government's vision of providing housing for all and promoting economic growth in the country. In addition to this, the company is also delighted to be a part of the Brahmaputra Volleyball League. By providing kits for underprivileged children participating in the tournament, IIFL Home Loans hopes to encourage and support the development of sports in the region. We look forward to an exciting tournament and wish all the participants the best of luck.”

About IIFL HFL

IIFL Home Finance Limited (IIFL HFL) is a subsidiary of IIFL Finance Limited. It is one of India’s leading housing finance companies and is a preferred choice for affordable home loan requirements. As of 31st December 2022, the AUM stood at Rs 26,596 crore of which home loan is 76.66% of the total with an average ticket size of Rs 16 lakh. Through affordable home loans, IIFL HFL makes people’s aspirations of owning a home a reality, while emphasizing on supporting green buildings and projects that help society achieve inclusive sustainable development. The objective is to fulfill economic upliftment for EWS/LIG segments of the country. The company has adopted asset light model by getting into Co-Lending arrangements that further helps to penetrate and expand in deeper markets of India. To make customer experience seamless the entire life cycle of housing loans is technology driven i.e., from origination to closure. The state-of-the-art IT infrastructure helps in reducing costs, real-time analysis of customer data, improving control and underwriting functions, while increasing customer reach and distribution capability.