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 (Stable) 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.
2.89+ lakhs Satisfied and Trusted Customers
355+ 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
UBS Forums Sustainability Summit and Awards 2023
Sustainable Best Initiative of the year 2023 – Go Green and Sustainability Impact
Date : 2023-05-23
The Corporate Titan Awards
Best Lending Tech of The Year Award
Date : 2023-05-20
The Golden Globe Tigers Awards
Greenhouse Gas Emissions Project
Date : 2023-05-16
Inkspell 7th Annual Drivers of Digital 2022
Best Financial Innovation
Date : 2023-05-05
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
Venkataramanan Anantharaman
Independent Director
Experience in financial services sector having led corporate and investment banking teams in leading international institutions, including Standard Chartered Bank, Credit Suisse, Deutsche Bank, and Bank of America. Advisory experience in sectors including technology, consumer & retail, financial services, risk management. Engineering from Jadavpur University, MBA from XLRI, FT Non Executive Director Diploma and ESG Competent Boards Certificate and Designation.
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 AIDA’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.
Kranti Sinha
Independent Director
He served as the Director and Chief Executive of LIC Housing Finance Limited from August 1998 to December 2002 and concurrently as the Managing Director of LICHFL Care Homes. He retired as the Executive Director of LIC. He is also an independent director on the Board of Cinemax India Limited and Hindustan Motors Limited.
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
He is a non-executive Director of our Company and is one of the original Directors of our Company. He is a B.Tech in electronics and electrical communications engineering from IIT, Kharagpur and holds a Post Graduate Diploma in Management from IIM, Bangalore. He has more than 20 years in the financial services sector. He is the Co-Promoter and an Executive Director of our Promoter. India Infoline Limited. Prior to joining the India Infoline Board in July 1999, he held senior managerial positions in ICICI Limited, ICICI Securities Limited, BZW and Taib Capital Corporation Limited.
A. K. Purwar
Independent Director
Mr. Purwar is currently the Chairman of Tadas Wind Energy Private Limited as well as Eroute Technologies Private Limited. He also works as an independent director in leading Companies across diverse sectors, viz. Power including Solar, Wind, Thermal & Gas based power projects, Steel, Pharmaceuticals, Telefilms, Engineering Consultancy, Financial Services as well as Fintech. He also acts as an Advisor to Mizuho Securities, Japan. Mr. Purwar was the Chairman of State Bank of India the largest Bank in the country from November, 2002 to May, 2006. He held several important and critical positions like Managing Director of State Bank of Patiala, Chief Executive Officer of Tokyo Branch covering almost the entire range of commercial banking operations in his long and illustrious career at the Bank. He was also associated in setting up of SBI Life. Mr. Purwar also worked as Chairman of Indian Bank Association during 2005-2006. He has received CEO of the year Award from The Institute of Technology and Management (2004), "Outstanding Achiever of the year" award from Indian Banks' Association (2004) "Finance Man of the Year" Award by the Bombay Management Association in 2006.
S. Sridhar
Chairman & Independent Director
He 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 four decades. Mr. Sridhar was a past Chairman & Managing Director of Central Bank of India and National Housing Bank.
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
Head - Compliance
He has over 14 years of work experience in various roles including Compliance, Internal Controls, Secretarial & Legal. Prior to joining India Infoline, he has worked with organizations like Edelweiss Retail Finance, Edelweiss HFC, Deutsche Postbank HFC & Marvel Vinyls Ltd.
Amit Gupta
Chief Financial Officer
He has over 17 years of varied experience in financial services viz. accounting, finance, audit and compliance. Prior to joining India Infoline, he has worked with Satin Credit care, Shubham Housing Finance and SMC Global Securities.
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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.