IIFL Home Finance Secures $300 Million Loan from ADB to Support Affordable Housing

IIFL Home Finance has secured a $300 million syndicated loan led by the Asian Development Bank (ADB) to expand affordable housing finance for low-income borrowers in India, with a focus on women. The package includes $150 million from ADB and $150 million from international banks. Over 25% of funds are earmarked for green-certified homes. The initiative aims to address India's estimated 31 million housing shortage by 2030, particularly among economically weaker households and women, who represent only 13% of homeowners.