Debt Debt financing
Affordable home loans provider Vastu Housing Finance secures $70-M from ADB
Manila-based Asian Development Bank (ADB) has committed USD 70 million (about INR 595 crore) to Mumbai-headquartered Vastu Housing Finance to bolster affordable home loans. The loan is aimed at enhancing the access to affordable and sustainable housing loans for underserved borrowers, with 15% of the funds allocated specifically to first-time borrowers.
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Between Aug 2015 and Oct 2024, Vastu Housing Finance had raised about USD 973 M from Prosus, 360 ONE, Creation Investments, Norwest, TA Associates, IFC, Faering Capital, Multiples PE and Asha Impact.For FY24, Vastu Housing Finance had reported about INR 1,254.06 Cr in Operating Income and about INR 360.92 Cr in PAT.