Star Housing Finance Loan Book Receives Rs 100 Crore This Fiscal Year So Far, Real Estate News, ET RealEstate

Affordable housing-focused Star Housing Finance Ltd (Star HFL) said on Tuesday its loan portfolio had so far reached Rs 100 crore in the current fiscal year. Star Housing Finance, operating in the affordable housing finance space, has reached a milestone of Rs 100 crore in loans during the current fiscal year, he said in a statement.

Star HFL has been operational in rural areas of southern Rajasthan for a decade, providing low-cost housing financial assistance to first-time homebuyers in the Economically Weaker Section (EWS).

The non-bank finance company said enabling access to credit for rural and semi-urban population has helped them achieve the Rs 100 crore loan portfolio through the deployment of mobility-assisted basic lending solutions. .

After receiving its first institutional funding in October 2019, the company is on a transformation journey, leading to geographic expansion, he said.

The company now has seven branches and 15 digital PoPs (outlets) in Rajasthan, Gujarat, Madhya Pradesh, Maharashtra and Tamil Nadu, with a workforce of 90 employees.

Star HFL Managing Director Ashish Jain said: “The Rs 100 crore loan portfolio is the first milestone that we as a team have decided to achieve at the start of our transformation journey. . our aspirations to become an affordable housing finance company with a -The presence in India will take us to many other milestones in the times to come. ”

He said the company will focus on its exclusive retail housing finance assistance to homebuyers in the EWS segment with an emphasis on building a quality book.

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