Annual Report 2019-20
Customers are at the heart of our business strategy. We aim to create long-term value for our large customer base in a sustainable and responsible manner.
At IIFL Home Finance, we listen to our customers’ requirements, educate and advise the right solution to meet their needs. Our deep understanding of the needs of the economically weaker section (EWS), lower and middle income segment along with our strong capabilities enable us to fulfil their dreams of buying a home.
The Government’s PMAY scheme presents a tremendous opportunity for home finance players in the country. Aligned with the ‘Housing for All’ mission, we remain committed to playing our role in the country’s progress by bringing the ‘financially excluded’, especially women, inside the perimeter of mainstream economy. Our goal is being achieved through a relevant and tailor-made low-ticket sized loans such as Swaraj and Samman Loans at affordable interest rates to enable first-time homebuyers own their dream home.
Swaraj Home Loans caters first-time home buyers with informal income documentation by providing loans at affordable interest rates. With an average ticket size of ₹ 1.3 million to first time home buyers in the underserved segment of the society, Swaraj Home Loan also presents an attractive proposition in the form of Credit Linked Subsidy Scheme (CLSS) benefits.
Swaraj Home Loan Customers with Credit Linked Subsidy (under PMAY)
Samman loans are exclusively offered to MSMEs and small business owners to safeguard them against unorganised lending at exorbitant interest rates. The maximum loan offered extends upto ₹ 3.5 million with flexible repayment options.
