Contact Details
504-504A, Nirmal Ecstasy, 5th Floor,India Home Loan Limited (IHLL) is a listed entity licensed as Housing Finance Company from National Housing Bank. The Company offers various loan products for purchase, construction, extension and improvement of houses. It caters to individuals and families belonging to the Economically Weaker Section (EWS), Low Income Group (LIG) and Middle Income Group (MIG) residing in the periphery of semi-urban and urban India. The company was incorporated on the 19th of December 1990 under the Companies Act, 1956 in the state of Maharashtra, under the name of Manoj Housing Finance Company Limited (MHFCL).
MHFCL was later acquired in 2008 by Mr. Mahesh Pujara and his associates, and the name was subsequently changed to India Home Loan Limited. IHLL is registered as a Non-deposit taking Housing Finance Company with the National Housing Bank (NHB), and qualifies for Priority Sector Lending as per RBI guidelines. IHLL is listed on the Bombay Stock Exchange.
The company primarily operates in two business segments currently: Housing Loans with an average ticket size of Rs. 7.5 lakh and Loan Against Property (LAP) with a ticket size of Rs. 10-50 lakh. It specializes in providing affordable loans to families from the self-employed category, where proofs of income are not easily available and repayment capacity is appraised based on cash flows. IHLL has an established presence in Maharashtra and Gujarat and has recently forayed into Rajasthan.