IIFL Home Finance: USD 300 Million ADB Loan for Housing
Why in the news
A housing finance company, IIFL Home Finance, raised USD 300 million from the Asian Development Bank (ADB) to grow lending for affordable homes.
Key facts
- Lender: Asian Development Bank; amount: USD 300 million.
- Green share: at least 25% of the funds are earmarked for green-certified homes.
- Co-funding: parallel funding from global financial institutions comes with the loan.
- Beneficiaries: mainly women borrowers and low-income households.
Exam angle
- Borrower: IIFL Home Finance; lender: ADB.
- Numbers to recall: USD 300 million and the 25% green-home floor.
- Theme: affordable housing finance with a climate-friendly angle.