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…