IIFL Home Finance gets $100-M from Asian Infrastructure Investment Bank

Abu Dhabi Investment Authority (ADIA)-backed IIFL Home Finance has raised a USD 100 million loan from Asian Infrastructure Investment Bank (AIIB) for on-lending to economically weaker segments and to the builders of low-cost apartments.The loan is raised for five years with an all-inclusive cost of 8.58% a year. This is the second ECB raised by IIFL Home Finance this fiscal.Founded in 2006, IIFLHF supports first-time homebuyers from the EWS (Economically Weaker Sections) and LIG (Low Income Groups) and claims to have served over 4 lakh customers.