Victory Prize and accolades such as 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 BFSI has already made its mark in the housing finance sector.

#YouGrowWeGrow. keeping the promise of

IIFL Home Finance Limited, a 100% subsidiary of IIFL Finance Limited, registered a 12% year-on-year growth in its AUM figures (Assets Under Management) and disbursed loans amounting to around ₹3000 crore in the first half ending September 30 . Year 2021-22, with a total AUM of ₹21,474 crores as on the same date.

The company registered a year-on-year growth of 19% in its loan book amounting to ₹15,320.99 crore (as on the half year ended September 30, 2021) as against ₹12,892.74 crore as on September 30, 2020. Additionally, the Company’s Profit After Tax (PAT) increased by 70% as on the half-year ended 30th September, 2021, which stood at ₹ 284.02 crore. The reported net NPAs (Non-Performing Assets) for the same period is 1.40%.

Despite the macro-economic headwinds, the company continues to grow financially and sustainably.

Source: https://www.iiflhomeloans.com/

IIFL HFL signs co-loan agreement with major banks

The company has secured housing loans with banks such as Punjab National Bank (India’s second largest public sector bank), Central Bank and Union Bank of India and a co-loan with Standard Chartered Bank (one of the leading foreign banks in India). Agreement has been signed. ) To provide credit to MSMEs through secured business credit. IIFL HFL has also entered into an agreement with ICICI Bank for home loan sourcing and servicing Secured Business Loan.

IIFL HFL has so far disbursed a total loan of ₹610 crore under these arrangements till 30th November 2021.

IIFL HFL launches Green Home Loan product, furthers its commitment to ‘Green Affordable Housing’ in India

IIFL HFL recently announced the launch of its new Green Home Loan product emphasizing the need for an affordable ‘Green’ housing eco-system in India. With the new product, IIFL offers a flat discount of 0.25% on HFL Home Loan interest rate if the home loan customer buys a flat/property pre-certified by IGBC (Gold/Platinum Rating) or GRIHA (4/5 Star Rating) . This offer is applicable to all new home loan customers across the country who comply with the product-related counter-requirements and conditions as defined by IIFL HFL.

IIFL Home Loan is the first housing finance company to introduce such a green product/proposition. The company, through its Green Value Partners (GVPs), who are green architects, also provides end-to-end support (hand holding) to the developer and ensures success throughout the lifecycle of a project, from concept to completion. works with them. Realization of the vision and potential of the intended project along with Green Building Certification. IIFL HFL GVP has so far facilitated the pre-certification of 16 green projects, and has enabled 13,296 households to build green pre-certified houses, resulting in an annual rate of 9074 MW (MWh) of energy, 524 MW of water and 8349 is compensated. tons of carbon dioxide (CO2).

IIFL Home Finance Limited (IIFL) and Asian Development Bank (ADB) have recently signed an agreement for a Technical Assistance (TA) that will help promote green and affordable housing solutions in India. Through the TA, IIFL HFL and ADB will raise awareness of climate risk mitigation and adaptation and green-certified housing standards among developers and other stakeholders in the affordable housing market. IIFL HFL accepts and embraces the United Nations Sustainable Development Goals (UN SDGs) and has aligned its major efforts with 4 of the 17 UN SDGs, which are SDGs 9, 10, 11 and 13. The company also contributes partially to other SDGs, and has introduced its first sustainability report This year, which is publicly available on the company’s website, www.iiflhomeloans.com.

About IIFL Home Finance Limited:

Incorporated in 2006 and registered with National Housing Bank (NHB) in 2009, IIFL Home Finance Limited IIFL is a wholly owned subsidiary of Finance Limited. The company is one of the leading housing finance companies in India and a preferred choice for affordable home loan needs. Through its affordable home loans, IIFL Home Finance fulfills the home buying aspirations of people. As a technology driven housing finance player, they strive to make the customer experience as seamless as possible; The entire life cycle of home loans i.e. from origination to closure has been completely digitized. Their state-of-the-art IT infrastructure has helped them reduce costs, real-time analysis of customer data, improve control and underwriting functions while increasing customer reach and delivery efficiencies.

IIFL HFL has adopted and implemented a societal objective in all aspects of its business in line with the vision of ‘Absolute Profitability’ and the ESG Framework, with a focus on sustainable growth. They operate a financially inclusive customer centric lending business and believe that their business model contributes significantly to the EWS and LIG segments. As of March 31, 2021, 74.90 per cent of his live account was from customers who belonged to the EWS and LIG segments. Through the provision of loans to buy homes to a customer segment that is not serviced by the mainstream financial services sector and through the employment of personnel in rural and semi-urban locations across India, they are an important social factor for economic upliftment for these areas. fulfilling the purpose. of Indian economy.

IIFL offers a range of mortgage related loan products to HFL customers, including:

1. home loansFor purchase of ready-made residential units, for under construction property, self-construction, home improvement on pre-owned property and for purchase of land for construction of residential property by approved builders

2. secured business loan, primarily for meeting working capital requirement, business use and purchase of commercial property; And

3. Affordable Housing Project Loans to meet the construction expenses of affordable housing projects of reputed developers.

To apply, click Here.

Disclaimer: Content created by IIFL Home Finance Limited.