IIFL Home Finance Limited
Fulfilling India’s Homeownership Aspirations
IIFL Home Finance (‘IIFL HFL’ or ‘We’ or ‘the Company), a subsidiary of IIFL Finance Limited, is headquartered in Gurugram (Haryana), India. Since our establishment in 2006, we have been led by the ambition to support millions in achieving their first home. Over the years, we’ve emerged as a prominent player in the Indian affordable housing finance sector, weaving our story of Jhatpat loans and spreading happiness within 30 minutes.
In 2009, we obtained registration with the National Housing Bank (NHB), solidifying our position in the industry. Our meticulously crafted product portfolio encompasses small-ticket home loans, secured business loans, and project loans for affordable housing projects. This tailored approach enables us to cater to the diverse financial needs of our customers across the Economically Weaker Section (EWS) and Lower Income Group (LIG) segments. We have established a wide-reaching pan-India distribution network across Tier 1, 2, 3 and 4 cities and towns making loans easily accessible to those who need them the most.
Core Values
Our core values serve as a moral compass in all our activities. Fairness, Integrity and Transparency - FIT is the driving force behind all that we do.
Fairness in our transactions with all stakeholders including employees, customers, communities, regulators, government, investors, and vendors, bereft of fear or favour.
Integrity and honesty of the utmost nature, in letter, in spirit, and in all our dealings with people – internal or external.
Transparency in all our dealings with stakeholders, media, investors, and the public at large.
Our Affordable and Accessible Products
Product Offering
We stand on a strong foundation within the housing finance sector and remain committed to social responsibility. In line with Government initiatives, we offer an efficient product portfolio designed to deliver substantial value to our customers, promoting socio-economic growth and stability. Our focus on building a sustainable future, coupled with affordable homes loans is aligned with the fundamental of ‘accessibility’ and ‘affordability’ for the marginalised sections of society.
Affordable Home Loans
We offer affordable home loans, focussing on first-time home buyers from Economically Weaker Section (EWS) and Lower Income Group (LIG) segments of the country. Our technological strengths give us an edge and allow us to deliver our services at the convenience of your doorstep. We provide customised home loan solutions, ranging from purchasing a new home, renovating an existing home, constructing on pre-owned land, and plot loans for purchase land for building a house.
96,600+
Loans given to informal income segment
₹ 1.4 Mn
Average home loan size*
₹ 17.5 Bn
/ USD 0.21 Bn
Credit-linked subsidy (under PMAY) facilitated
213,700+
First-time home
buyers
138,400+
Women empowered
(through mandatory ownership/co-ownership of the houses we have funded)
12,500+
Loans to Beneficiary
Led Construction (BLC) and Affordable Housing in Partnership (AHP) in FY
2022-23
Secured Business Loans
IIFL HFL offers secured business loans to meet the working capital needs, business demands, and other related requirements of businesses. These loans are secured by mortgages on residential or commercial properties.
₹ 23 Bn
/ USD 0.21 Bn
SME loans
disbursed
54,000+
Active customers
(All figures are as on March 31, 2023)
Shakthi Loans
Shakthi, a small ticket loan against property, was introduced to support inclusive growth for small-scale enterprises. According to NITI Aayog, India’s micro-unorganised sector is over 70 Million units. However, a significant credit gap of 73% exists within the sector. IIFL HFL’s Shakthi Loan bridges the same credit gap and addresses the varied financial needs of the last-mile micro-unorganized businesses such as small groceries stores, saloons, vegetable vendors, small traders, and agricultural ancillaries. Shakthi Loan contributes towards the national mission of ‘Atmanirbhar Bharat’ that promotes self-reliance and economic development for all.
₹ 0.5
Mn
Average loan size*
Affordable Housing Project Loan
We offer Project Loans - designed to cover construction costs related to affordable housing projects - to reputable developers. We are committed to endorsing sustainable and eco-friendly construction practices and ensure that most of these projects we support comply with Environmental, Social, and Governance (ESG) standards.
Moreover, the projects financed under our Project Loan vertical also contribute to and support our Home Loan vertical, creating a symbiotic relationship within our lending ecosystem.
Our Efficient Co-Lending Model
We are committed to expanding our presence in the affordable housing market through co-lending initiatives. Our objective is to partner with other entities to align our goals with the Government’s agenda of improving access to credit for marginalised segments of society, enabling them to obtain home loans at affordable interest rates.
Captured below are some of our tie-ups under this initiative:
State Bank of India
Central Bank of India
Indian Bank
Punjab and Sind Bank
Standard Chartered Bank
Punjab National Bank
ICICI Bank
*Average loan size is limited to loan sourcing of respective product offering in the FY 2022-23