IIFL home finance claims top spot as India’s leading affordable lender
The Business Guardian|May 24, 2024
IFL Home Finance Limited (IIFL HFL) has reported substantial growth in its Asset Under Management (AUM), which increased from Rs 28,512 crore in FY23 to Rs 35,499 crore in FY24, reflecting a 25% year-over-year (YoY) growth. This surge has positioned the company as India's largest affordable housing finance provider, with an average ticket size of Rs 14.26 lakh.

Key Business and Financial Metrics Home Loans: Home loans comprise 77.29% of the total AUM, totalling over Rs 27,400 crore.

Average Ticket Size (ATS): The overall ATS stands at Rs 14.26 lakh, with home loans at Rs 15.28 lakh and Shakthi Loans (low ticket size loans against property) at Rs 4.93 lakh.

Disbursement Volume: Disbursement volume grew from Rs 10,061 crore in FY23 to Rs 12,861 crore in FY24, marking a 28% YoY increase.

Customer Base: The active customer base expanded from 202,885 in FY23 to 281,514 in FY24.

Women Borrowers: Over 80% of home loan customers are women borrowers and co-borrowers as of March 31, 2024.

Branch Network: The company operates close to 400 branches across 17 states.

Return on Assets (ROA): ROA improved to 4.4% in FY24 from 3.9% in FY23.

Return on Equity (ROE): ROE stood at a healthy 16.9% in FY24 with a capital adequacy ratio of 42.7%.

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