India Home Loan

India Home Loan Limited (IHLL) is a financial services company that specializes in providing home loans to economically weaker sections and self-employed individuals in India. The company offers a range of loan products including home loans for flats, row houses, and bungalows in approved projects by private developers and development authorities like DDA and MHADA. Additionally, IHLL provides loans against property for personal or business needs, and extension loans for adding space to existing homes. The company also participates in the Credit Linked Subsidy Scheme (CLSS) under the Pradhan Mantri Awas Yojana, aimed at providing affordable housing for all.

IHLL primarily serves clients who may not have formal income proofs, such as drivers, barbers, rickshaw drivers, and vegetable vendors, by appraising their repayment capacity based on cash flows. The company also caters to professionals and self-employed individuals using surrogate income proofs for loan appraisal. Operating in the affordable housing segment, IHLL focuses on providing financial solutions to families within the economically weaker section of society.

The business model of IHLL revolves around offering long-term home loans, typically spanning 10-15 years, with a commitment to quality service, transparency, and a supportive customer experience. The company generates revenue through interest on loans and associated fees.

Keywords: home loans, economically weaker sections, self-employed, affordable housing, loan against property, extension loans, CLSS, Pradhan Mantri Awas Yojana, surrogate income proofs, transparency.