IIFL Home Finance Ltd disbursed loans over ₹ 2500 crore, as on 30 September, 2021

∙Growth of 12% year on year, disbursed loans worth Rs. 2500 crore

∙IIFL Home Finance Ltd. furthers its commitment towards the Green Building eco-system in India with the launch of its new Green Home Loan offering, under which it offers an interest discount of 0.25%* flat on the purchase of properties pre-certified by IGBC or GRIHA

∙IIFL HFL has signed four agreements for sourcing and servicing of housing loans and loan against property

Mumbai, 29th November, 2021: IIFL Home Finance Ltd., a subsidiary of IIFL Finance Limited, reported loan book growth of 19% percent to ₹15,320.99 crores in the second quarter of the fiscal as against ₹12,892.74 crore a year ago. Additionally, the company’s profit after tax grew by 70% year on year to ₹ 284.02 crores by the half year ending on 30th September 2021.

The company also reported a stable net NPA at 1.40 % with a provision coverage ratio of 125.52%. IIFL HFL also signed agreements with banks such as Punjab National Bank (India's second largest public sector bank), ICICI Bank (second-largest private sector bank in India) for sourcing and servicing of housing loans and loan against property, Co-lending with Central Bank of India (one of India’s largest commercial banks for LIG* and MIG** sector) for home loans and Standard Chartered Bank (one of the leading foreign banks in India) for extending credit to MSME loans (loan against property). IIFL HFL has disbursed loans totaling to Rs.170 crores till date under these arrangements. IIFL HFL also announced the launch of its new Green Home Loan product, emphasising the Green affordable housing eco-system in India. With the new product, IIFL HFL offers its new Home Loan customer an interest discount of 0.25%, if the customer applies Home Loan for a home or flat at a project pre-certified by IGBC (Gold/Platinum rating) or GRIHA (4/5 star rating). This offer is applicable for all new Home Loan customers across the country who meet all product-related pre-requisites and conditions as defined by the company.

Mr. Monu Ratra, ED and CEO of IIFL HFL said, "We believe that there is merit in the co-lending model because it allows us to get the best rates for our retail customers. With our strength of 100% digital on-boarding and the rate benefit to the customer through this co-lending model, we aim to penetrate deeper into markets and geographies with our expertise. IIFL HFL has a strong and growing footprint in non-urban locations, and as the demand for housing picks up, we are not only strengthening our reach but also propagating sustainable green housing in India through our initiative eKutumb. With the launch of Green Home Loan, we want to encourage our customers and potential home buyers to opt for a more sustainable lifestyle, starting with investing in green-certified housing.”

IIFL HFL recently announced its association with the Asian Development Bank (ADB) and they are coming up with a series of their flagship Kutumb events, which is an initiative towards Green Buildings. IIFL HFL acknowledges 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 SDG 9, 10, 11, and 13. However, 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 in 2009 with National Housing Bank (NHB), IIFL Home Finance Limited is a wholly-owned subsidiary of IIFL Finance Limited. The Company is one of India’s leading housing finance companies and is a preferred choice for affordable home loan requirements. Through their affordable home loans, IIFL Home Finance makes people's aspirations of owning a home a reality. As a technology driven housing finance player, we endeavor to make our customer experience as seamless as possible. We have made the entire life cycle of our housing loans i.e., from origination to closure, completely digitised. We have state-of the-art IT infrastructure which has helped in reducing costs, real time analysis of customer data, improving our control and underwriting functions, while increasing customer reach and distribution capability.

We have adopted and implemented a social objective across all aspects of our business in line with vision of ‘Complete Profitability’ and ESG framework with increased focus on sustainable growth. We operate a financially inclusive customer centric lending business and believe that our business model contributes significantly to the EWS and LIG segment. As of March 31, 2021, 74.90% of our live accounts were from customers who belonged to the EWS and LIG segment. Through the provision of loans for purchase of homes to a customer segment that is not serviced by the mainstream financial services sector and our employment of personnel in rural and semi urban locations across India, we are fulfilling an important social objective of economic up-liftment for these segments of the Indian economy.

We offer customers a range of mortgage-related loan products, including

(i) housing loans, for purchase of ready built residential units, under construction property by approved builders, self-construction, home improvement on pre-owned property and purchase of land for construction of residential property;

(ii) secured business loans, for primarily meeting working capital requirement, business use and purchase of commercial property; and (iii) affordable housing project loans, to meet construction expenses of affordable housing projects of reputed developers.

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