Debt

Debt financing

Ummeed Housing Finance gets $20-M long term loan from US DFC

Economic Times  

The US International Development Finance Corporation (DFC) has sanctioned a USD 20 million long term loan for Gurugram-based Ummeed Housing Finance to fund housing needs of the economically weaker and middle-income groups. DFC will provide the debt at a 4.25% fixed rate for 15 years. The funding would allow Ummeed to extend longer tenure credit to the underbanked population to assist with home purchases, construction, and extension.