IIFL Home Loan

What IIFL Home Loan does

IIFL Home Finance Limited (publicly listed on Indian exchanges as IIFLHOME, incorporated 2006, headquartered in Mumbai) is an Indian housing finance company and subsidiary of IIFL Finance Limited. It provides retail mortgage and housing-related credit products to individual borrowers, with a deliberate focus on underserved segments: economically weaker sections and low-income groups (EWS/LIG), women borrowers, farmers and rural customers, uniformed services personnel, and non-resident Indians (NRIs). Core products include Home Loans (starting from Rs 5 Lakh at interest rates from 8.75%, with Retail Prime Lending Rate of 16.85% as of September 2024), Secured Business Loans, Balance Transfers, Home Improvement Loans, and PMAY-U 2.0 subsidized loans offering up to Rs 1.80 Lakh in government subsidy. Since inception, the company has originated 4.89 Lakh loan accounts, of which 3.17 Lakh are first-time homebuyers.

The business operates a digital-first lending platform branded around IIFL One Home (web portal and mobile app), supplemented by the Kutumb app for green-home sustainability tracking and digital calculators (EMI, PMAY, tax benefit, balance transfer). AI/ML capabilities are applied to loan sourcing, underwriting, collections, fraud detection, and customer support, with claims of 30-minute loan approvals. Underwriting is data-driven for low-ticket, low-income retail loans, and the company holds ISO 27001:2013 information security certification. Distribution is hybrid: 315 branches across 18 states and 2 Union Territories, complemented by self-serve digital channels and partnership-based rural reach via Common Services Centre (CSC) and ITC Agro.

The revenue model is primarily floating-rate interest income on the home loan book, augmented by processing fees on balance transfers and cross-sell of insurance through partnerships with seven carriers (Bajaj Life, ICICI Lombard, ICICI Prudential, HDFC Life, Go Digit, Aditya Birla Capital, Bajaj Allianz). Assets under management stood at Rs 23,617 crore as of the June 2022 ADIA investment, with the CFO publicly targeting Rs 1 trillion AUM within 3-4 years. The franchise has been institutionally validated through a Rs 2,200 crore equity investment from ADIA for a 20% stake (2022, implied valuation ~Rs 11,000 crore), a $100 million ECB from AIIB (July 2025), and an inaugural $300 million ADB-led syndicated ECB facility (February 2026), with over 25% of the ADB facility earmarked for green-certified affordable housing.

Name

IIFL Home Loan

Legal name

IIFL Home Finance Limited

Website

https://www.iiflhomeloans.com/

Company type

Public

Founded year

2009

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

IIFL Home Finance is an Indian publicly listed housing finance company that provides retail mortgage, secured business, and home improvement loans to underserved segments including EWS/LIG borrowers, women, farmers, and NRIs, distributed through 315 branches and digital channels.

Ownership category

akta.pro rank

Product category

Housing Finance

NAICS

Real Estate Credit (522292), Nondepository Credit Intermediation (5222)

SIC

Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Government-Insured Mortgage Origination (FHA/VA/USDA) (FSALAAAI)

akta.pro secondary industries

Down Payment Assistance (DPA) & Homebuyer Subsidy Programs (FSALAKAE), Home Improvement Personal Loans (Unsecured Installment) (FSAKAAAE)

Keywords

• Housing finance
• Home loans
• Mortgage lending
• Affordable housing finance
• Loan balance transfer

Headquarters

HQ city

Gurugram

HQ country

India

HQ region

Asia

Offices6 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Home Loan Interest Income: Primary revenue from interest charged on home loans provided to customers. Retail Prime Lending Rate for Home Loan is 16.85% w.e.f. 1st September 2024.
2. Secured Business Loans: Revenue from secured business loans with attractive rates and flexible terms for business growth
3. Balance Transfer Fees: Processing fees and charges for loan balance transfers to IIFL Home Finance
4. Home Improvement Loans: Revenue from home improvement/renovation loans
5. NRI Home Loans: Specialized home loan solutions for Non-Resident Indians investing in Indian property

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

IIFL Home Finance Limited provides housing finance products to individual consumers across India, including home loans starting from ₹5 Lakh, secured business loans, loan balance transfers, home improvement loans, NRI home loans, and specialized loans for uniformed service personnel. The company also facilitates PMAY-U 2.0 government subsidies of up to ₹1.80 Lakh on home loans for eligible beneficiaries, operating through 315 branches across 18 states and 2 Union Territories supplemented by digital lending platforms.

Product overview

IIFL Home Finance operates as a comprehensive housing finance platform offering a portfolio of lending products centered on home loans with additional financial services. The core product suite includes Home Loans, Secured Business Loans, Balance Transfer options, Home Improvement Loans, NRI Home Loans, and specialized loans for Uniformed Services personnel. The company supports these products with digital tools including EMI calculators, tax benefit calculators, balance transfer calculators, and PMAY subsidy calculators. The platform is complemented by two sub-brands: IIFL One Home (property portal) and IIHFL Sales (sales distribution channel), plus the Kutumb mobile app for sustainable living tracking. The company also integrates insurance partner products including Bajaj Life Insurance, ICICI Lombard, ICICI Prudential, HDFC Life, and others to provide comprehensive financial protection alongside loans.

Differentiator

Problem solved

Functional benefit

Brands

• Kutumb: Green living and sustainable home app helping customers save energy and water usage.

Products and services

• Home Loan Flexible financing options to help customers purchase their dream home, supporting loans starting from ₹5 Lakh with quick 30-minute approval and digital application through the IIFL One Home platform. Designed for individual homebuyers including first-time buyers.
• Secured Business Loan Attractive rates and flexible terms to accelerate business growth, targeted at MSMEs and entrepreneurs needing capital backed by collateral.
• Balance Transfer Facility enabling existing home loan borrowers to transfer their outstanding loan to IIFL Home Finance for better interest rates, flexible repayment options, and reduced EMIs.
• Home Improvement Loan Tailored financing for home upgrades, renovations, and enhancements to living spaces for homeowners seeking to fund improvements without refinancing their primary mortgage.
• NRI Home Loan Specialized solutions for non-resident Indians to invest in property back home, addressing cross-border documentation and currency considerations.
• Home Loan for Uniformed Services Exclusive home loan offers for uniformed service personnel including army, police, and paramilitary forces with favourable terms, benefits, and faster processing tailored to their employment profiles.
• PMAY-U 2.0 Subsidy Government-backed Pradhan Mantri Awas Yojana Urban 2.0 subsidy offering up to ₹1.80 Lakh subsidy on home loans for eligible beneficiaries from economically weaker sections and low-income groups.

Quantifiable outcome

• Loans approved in 30 minutes
• +5 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Common Services Centre (CSC)coreStrategic or Co-development Partner · 17 January 2025IIFL Home Finance partnered with CSC to expand rural reach, leveraging CSC's extensive network to provide home loan access in rural areas.
• ITC AgrocoreStrategic or Co-development Partner · 5 October 2024Partnership with ITC Agro to offer home loans to farmers, addressing the home-financing needs of the agricultural community.
• Bajaj Life InsuranceminorOthersInsurance partner offering Bajaj Life Group Credit Protection Plus for loan insurance coverage
• ICICI Lombard General InsuranceminorOthersHome insurance partner offering property and risk coverage for homeowners
• ICICI Prudential Life InsuranceminorOthersLife insurance partner for home loan protection and financial security
• Go Digit General InsuranceminorOthersGeneral insurance partner for comprehensive home and property coverage
• Aditya Birla Capital InsuranceminorOthersInsurance partner under Aditya Birla Capital for diversified coverage options
• Bajaj Allianz General InsuranceminorOthersGeneral insurance partner for home and property insurance products
• HDFC Life InsuranceminorOthersLife insurance partner providing protection solutions for home loan borrowers

Scale indicators12 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• PNB Housing Finance: One of India's largest housing finance companies, competing directly with IIFL Home Finance in retail home loans, affordable housing, and emerging market segments, with comparable branch-led distribution and digital origination capabilities.
• Aavas Financiers: Affordable housing finance company focused on low and middle income self-employed customers in India, directly competing with IIFL Home Finance's EWS/LIG thesis and serving similar customer profiles with comparable loan ticket sizes.
• Home First Finance Company: Affordable housing finance company serving salaried and self-employed customers in Tier 2-3 Indian markets, directly comparable to IIFL Home Finance on customer segment, ticket size, and digital-led origination strategy.
• Can Fin Homes: Public-sector-affiliated housing finance company with strong focus on salaried home loan segment across India, overlapping with IIFL Home Finance's prime and affordable customer base and pan-India branch distribution.
• Bajaj Housing Finance: Large Indian housing finance company with a diversified home loan, loan-against-property, and affordable housing portfolio; competes directly with IIFL Home Finance in retail home loans with comparable digital capabilities and broader funding access.

Broad incumbents

• LIC Housing Finance: One of India's largest housing finance companies with deep capital base and pan-India branch network; competes broadly with IIFL Home Finance across home loan segments including affordable housing, though with a more prime-segment skew.
• HDFC Bank (Housing Finance): Largest Indian mortgage lender by AUM with prime-segment dominance that is increasingly expanding into affordable housing; competing with IIFL Home Finance's pricing power and scale advantages across overlapping customer segments.
• SBI Home Loans: State Bank of India's home loan arm, the largest public-sector housing lender in India with massive branch reach and government-backed funding, competing on price and distribution scale against IIFL Home Finance in retail mortgages.
• Tata Capital Housing Finance: Housing finance arm of the Tata Capital group with diversified retail mortgage offerings across prime and emerging segments, overlapping with IIFL Home Finance on distribution and customer acquisition in metropolitan and Tier-1 markets.

Emerging players

• Shubham Housing Development Finance: Affordable housing finance company targeting informal-income and self-employed borrowers in India — a closely aligned niche to IIFL Home Finance's underserved customer thesis with comparable credit assessment challenges.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/IIFLHomeLoan
• YouTubeyoutube.com/channel/UCG8Fk0hMuJbAvlrGwkzdb5Q
• Facebookfacebook.com/IIFLHomeLoans
• LinkedInlinkedin.com/company/iifl-home-loans
• Instagraminstagram.com/iiflhomeloan

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries2 records

Funding overview

Funding rounds6 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IIFL Home Loan