PE-VC Fund Investments
IIFL Home Finance raises $300-M from ADB, MUFG, others
Economic Times IIFL Home Finance
Gurgaon-based IIFL Home Finance has secured a $300 million loan from Asian Development Bank (ADB) for onlending to lower-income borrowers. ADB will contribute $150 million to the syndication, acting as the mandated lead arranger and bookrunner, with an additional $150 million in parallel loans from Japan's MUFG, Emirates Bank, Sri Lanka's Sampath Bank, and Hatton National Bank. This transaction represents the mortgage lender's first syndicated external commercial borrowing.IIFL Home Finance plans to use the loan proceeds to provide mortgages primarily to women in low-income communities within semi-urban and urban areas, and in lagging states across India. The initiative also targets allocating over 25% of the loan proceeds towards green-certified affordable homes.
Between Feb 2022 and Jul 2025, IIFL Home Finance had attracted about USD 599 M in equity and debt from AIIB, IFC, DFC, ADIA. ADB.For FY24, IIFL Home Finance had reported about INR 3,109 Cr in Operating Income and about INR 1,027 Cr in PAT.
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