IIFL Home Finance Ltd. opens new branch at Badlapur

IIFL Home Finance Ltd. opens new branch at Badlapur
11/12/2019 , by , in News/Views

Leading housing finance company, IIFL Home Finance Limited (IIFL HFL) is looking to set new benchmarks in CLSS(Credit Linked Subsidy Scheme) distribution under PMAY with its latest branch in Badlapur, Maharashtra. The new branch at Badlapur, marks the 13th branch of IIFL HFL in Maharashtra and 8th branch in Mumbai to promote PMAY and Swaraj home loan, an initiative by the company which focuses on serving home loan requirements of those customers who do not have formal income proofs. Also the branch will continue to educate and pass on the benefits of PMAY CLSS Subsidy to first time home buyers in the region.

The new branch located at Sanewadi, near Badlapur station will also promote ‘Sammaan- Loan Against Property’, a specialized product by the company that allows customers to fund their financial requirements. This branch will cater to customers who are looking for a loan to fund requirements of starting a new business or to meet long term working capital needs..

Speaking at the occasion, Dhawal Mehta, Zonal Sales Manager, IIFL Home Finance Limited said, “Through our latest branch in Badlapur, we will cater to customers with two of our customized products- Swaraj & Samman. With ‘Swaraj Home Loan’ we cater to the necessity of customers who dream of owning a home but do not have any pertinent income documents like ITR, salary slips etc. With ‘Samman- LAP’ we support customers such as small businessmen, kirana shop owners, and women Self Help Groups (SHG) to expand their businesses. Both our products being serviced through this branch are in sync with the government’s vision of ‘Housing for All’ and financial inclusion.”

The branch was opened amid the presence of distinguished dignitaries, prominent builders, and guests. At the occasion of the new branch opening at Badlapur, IIFL HFL announced that this branch will promote ‘PMAY(Pradhan Mantri Awas Yojana)- Housing for All’ along with ‘Swaraj Home Loan’ which caters to the vast community of first time home buyers who may or may not be supported by formal income documentation. The branch will also promote specialized product ‘Samman- LAP’, a multi-purpose loan that can be availed by customers to fund financial & MSME requirements. IIFL Home Finance Limited has been recognized by Ministry of Housing & Urban Affairs as ‘Best Performing Private Lending Institution Under Credit Linked Subsidy Scheme for EWS/LIG – Second’ under Pradhan Mantri Awas Yojana.

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