NEW DELHI: IIFL Home Finance (IIFL HFL) has secured a $300 million syndicated external commercial borrowing (ECB) facility from the Asian Development Bank (ADB).
The financing package consists of $150 million from ADB, along with another $150 million through parallel loans from MUFG, Emirates Bank, Sampath Bank, and Hatton National Bank. ADB served as the mandated lead arranger and bookrunner for this deal.
This is IIFL HFL’s inaugural syndicated ECB facility.
The funds will be allocated to provide home loans to women in low-income communities in peri-urban and urban areas, especially in economically disadvantaged states. Over 25% of the loan amount will be directed towards financing green-certified affordable homes.
“India’s affordable housing challenge is most acute among economically weaker and low-income groups, particularly women, who make up only 13 percent of homeowners. Bridging this gap requires adopting sustainable and climate-resilient construction practices,” stated Mio Oka, country director for India at ADB.
As of December 31, 2025, IIFL HFL reported assets under management of nearly ₹400 billion, operating through 315 branches across 18 states and two union territories. The lender primarily serves lower-income groups and economically weaker sections.
