NEW DELHI: IIFL Home Finance (IIFL HFL) has signed a $300 million syndicated external commercial borrowing (ECB) facility with the Asian Development Bank (ADB).
The financing package comprises $150 million from ADB and an additional $150 million through parallel loans from MUFG, Emirates Bank, Sampath Bank and Hatton National Bank. ADB acted as the mandated lead arranger and bookrunner for the transaction.
This marks IIFL HFL’s first syndicated ECB facility.
The company said the proceeds will be on-lent to provide home loans to women in low-income communities across peri-urban and urban areas, including in economically lagging states. More than 25% of the loan amount is earmarked for financing green-certified affordable homes.
“India’s affordable housing deficit is most pronounced among economically weaker and low‑income households, particularly women, who constitute only 13 percent of homeowners. Addressing this gap necessitates the adoption of sustainable and climate‑resilient construction practices,” said Mio Oka, country director for India, ADB.
As of December 31, 2025, IIFL HFL had assets under management of nearly ₹400 billion and operated through 315 branches across 18 states and two union territories. The lender focuses primarily on lower income groups and economically weaker sections.
