Category: Housing Finance

Follow the latest trends in housing finance, including home loan rates, mortgage policies, RBI updates, and government schemes. Stay informed about financial products and regulations that impact homebuyers, investors, and lenders in the real estate market.

Housing FinanceLatest Stories

EQT Acquires Niwas Housing Finance

Swedish fund EQT has successfully acquired Niwas Housing Finance Limited, previously known as Indostar Home Finance, from IndoStar Capital Finance Limited, as stated by the company. EQT plans to invest ₹500 crore (approximately $58 million) to fuel Niwas’s geographic expansion and enhance its digital capabilities. Established in 2017, Niwas offers affordable mortgage solutions to retail customers in tier 2 to tier 4 cities across India and has assisted over 47,000 low-income homeowners and small enterprises. As of March 31, 2025, Niwas boasts assets under management exceeding ₹3,000 crore, which consists of granular, retail, and secured loans. K.R. Kamath, Chairperson of…

Housing FinanceLatest Stories

NHB Unveils Refinance List to Prevent Misuse

MUMBAI: In a significant move towards transparency, the National Housing Bank (NHB) has released, for the first time, the list of beneficiaries under its refinance scheme. This initiative aims to prevent the misuse of NHB’s name by various lending institutions. This decision follows the exposure of Aviom India Housing Finance, which reportedly used outdated NHB refinance sanction letters, some dating back three to four years, to obtain loans from banks. “The NHB is committed to ensuring such incidents as those involving Aviom do not occur again. By making its refinance list public, it seeks to deter fraudulent entities from leveraging…

Housing FinanceLatest Stories

Housing finance firms see modest Q1 growth; rate cuts to impact margins

MUMBAI: Housing finance companies (HFCs) are projected to report moderate earnings for the June quarter, with industry-wide loan disbursals increasing by approximately 8% year-on-year, as per analyst projections. Nonetheless, margins are expected to face pressure due to intensified competition from banks and the effects of recent interest rate cuts. Moreover, provisioning costs may rise due to slower recovery rates, potentially resulting in stagnant profit after tax growth. As estimated by PL Capital, HFCs’ assets under management (AUM) are anticipated to exceed ₹3.7 lakh crore by the end of the June quarter, reflecting a 1% sequential growth. However, loan disbursals could…

Housing FinanceLatest Stories

IIFL Home Finance Secures $100M Loan from AIIB

The Abu Dhabi Investment Authority (ADIA)-backed IIFL Home Finance has secured a $100 million loan from the Asian Infrastructure Investment Bank (AIIB). This funding aims to support economically weaker segments in India and assist builders of low-cost housing. This marks AIIB’s first funding to IIFL Home Finance, as reported by CEO Monu Ratra. “The ECB from AIIB is noteworthy because we can finance developers focused on affordable housing. This will help address the shortage of affordable homes in high-demand areas. Additionally, these funds will be used for retail affordable home loans,” Ratra stated. The loan is structured for a five-year…

Housing FinanceLatest Stories

NHB directs housing finance firms to pay interest on advance EMIs

The National Housing Bank (NHB) has instructed housing finance companies to provide interest on advance payments made by borrowers that have not been immediately applied to their Equated Monthly Instalments (EMIs) and are instead held in sundry or suspense accounts, according to sources familiar with the situation. The interest should be paid at the same rate applicable to the customer’s home loan. This initiative aims to ensure fair lending practices and prevent borrowers from incurring excessive interest costs when their advance payments are not applied promptly. “NHB is fundamentally ensuring that housing finance companies cannot profit from holding onto customers’…

Housing FinanceLatest Stories

LIC Housing Finance names Lokesh Mundhra as CFO

Representative image NEW DELHI: LIC Housing Finance has appointed Lokesh Mundhra as the new Chief Financial Officer (CFO) effective Thursday. According to a regulatory filing, Sudipto Sil, who previously served as CFO, will now be the Marketing Head of the Western Region in Mumbai beginning April 17, 2025. “The Board of Directors has approved the appointment of Lokesh Mundhra as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the company effective April 17, 2025,” LIC Housing Finance stated. Mundhra, a Chartered Accountant, brings 32 years of experience from various roles at LIC of India, covering departments such…

Housing FinanceLatest Stories

Bajaj Housing Finance Q4 FY25 Profit Soars 54% to Rs 5.87B

Representative image Bajaj Housing Finance of India announced a significant profit increase in its fourth-quarter results on Wednesday, buoyed by strong credit growth fueled by heightened demand for premium homes and soaring property prices in the nation. The country’s largest home loan provider by market capitalization realized a 54% increase in profit, amounting to 5.87 billion rupees ($68.8 million) for the quarter ending March 31. The demand for homes in India, especially in the premium segment that constitutes a substantial portion of Bajaj Housing Finance’s portfolio, has consistently remained strong over recent quarters. Residential real estate prices are projected to…

Housing FinanceLatest Stories

LIC Housing Finance trims lending rate by 25 bps

Sure! Here’s a rewritten version of the content: NEW DELHI: LIC Housing Finance has announced a reduction in its benchmark lending rate by 25 basis points, following the recent policy rate cut by the Reserve Bank of India. This adjustment to the LIC Housing Prime Lending Rate (LHPLR) aims to make home loans more accessible for both existing and new borrowers, as stated by the LIC subsidiary. The updated interest rates will begin at 8 percent and will take effect from April 28. The LHPLR acts as the standard rate for determining interest rates on all loan types. Published On…

Housing FinanceLatest Stories

PNB Housing Q4 FY25 Net Profit Soars 25.30%

NEW DELHI: PNB Housing Finance has reported a 25.30% increase in consolidated net profit for the quarter ending March 31, 2025. The profit after tax reached ₹550.38 crore in Q4 FY25, compared to ₹439.25 crore for the same quarter in the previous fiscal year, according to a BSE filing. The company’s consolidated total income for Q4 FY25 amounted to ₹2,036.78 crore, reflecting a 12.28% growth from ₹1,813.97 crore during the same period last year. Girish Kousgi, Managing Director & CEO, stated, “Our retail loan assets grew by 18.2% year-on-year, reaching ₹74,802 crore as of March 31, 2025, driven by growth…