IIFL Home Finance Secures $300 Million Loan from ADB to Empower Women with Affordable Housing in India

NEW DELHI, 27th February 2026: The IIFL Home Finance Limited (IIFL HFL) has signed a $300 million loan agreement with the Asian Development Bank (ADB) to strengthen access to affordable housing finance for lower income borrowers, particularly women in India. The loan marks IIFL HFL’s first syndicated external commercial borrowing. The financing package, led by ADB as the mandated lead arranger and bookrunner (MLAB), comprises $150 million from ADB and $150 million in parallel loans from MUFG (MLAB), Emirates Bank (Mandated Lead Arranger), Sampath Bank (Lead Arranger - LA) and Hatton National Bank (LA). IIFL HFL will on-lend the loan proceeds to provide mortgages to women in low-income communities in peri-urban and urban areas and in lagging states of India, including a target of over 25% of the loan proceeds for green-certified affordable homes. Managing Director and CEO of IIFL Home Finance, Mr. Girish Kousgi on the announcement addressed: “ADB’s funding will help extend affordable housing to deeper markets and support the homeownership aspirations of low-income and economically weaker families, especially women. We are glad to partner once again with ADB, who have constantly supported our growth and refinancing journey, and welcome the addition of new international partner banks to our lender relationships.” “India’s affordable housing deficit is most pronounced among economically weaker and low‑income households, particularly women, who constitute only 13 percent of homeowners. Addressing this gap necessitates the adoption of sustainable and climate‑resilient construction practices,” said ADB Country Director for India, Mio Oka. “We are pleased to support IIFL HFL’s leadership in expanding access to low‑income women homeowners while advancing affordable, green‑certified housing.” India is experiencing a severe housing shortage estimated at 31 million units by 2030, mostly affecting low-income groups. They face several challenges in obtaining mortgages including a lack of documents to prove their incomes. IIFL HFL is a leading tech-enabled housing finance company in India with near to 400 billion rupees in assets under management and 315 branches across 18 states and 2 union territories as of 31st December 2025. With a focus on India’s Lower Income Groups and Economically Weaker Sections. About IIFL Home Finance  IIFL Home Finance Limited is a technology-driven, India’s leading retail-focused housing finance company dedicated to supporting first-time homebuyers from the Economically Weaker Sections (EWS) and Low-Income Groups (LIG) in India. A subsidiary of IIFL Finance Ltd. (79.59% stake), Abu Dhabi Investment Authority holds the remaining (20.41% stake) as a shareholder since 2022. As of December 2025, the company has served over 4.78 lakh customers since inception, including 3.15 lakh first-time home buyers, 1.66 lakh customers from the informal sector, and 4.53 lakh women borrowers, reflecting its strong commitment to financial inclusion and empowerment.  Operating through a wide network of 315 branches across 18 states and 2 union territories, IIFL Home Finance focuses on underserved and emerging geographies, including the suburbs of Tier 1 cities and Tier 2 to Tier 4 towns, with residential property serving as collateral. For more details, please refer to - https://www.iiflhomeloans.com/ For media queries, please contact – Ishan Uppal – IIFL Home Finance ishan.uppal@iiflhomeloans.com