IIFL Home Finance today said it has signed a $300 million loan agreement with the Asian Development Bank (ADB) to provide affordable housing finance for lower income borrowers, particularly women in India, according to a statement.
This loan is IIFL Home Finance’s maiden syndicated external commercial borrowing. The financing package, led by ADB as the mandated lead arranger and bookrunner (MLAB), comprises $150 million from ADB and $150 million in parallel loans from MUFG (MLAB), Emirates Bank (Mandated Lead Arranger), Sampath Bank (Lead Arranger – LA) and Hatton National Bank (LA).
The housing finance company has set a target that over 25 per cent of the loan proceeds will be extended towards 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 per cent of homeowners. Addressing this gap necessitates the adoption of sustainable and climate resilient construction practices,” said ADB Country Director for India, Mio Oka. “We are pleased to support IIFL HFL’s leadership in expanding access to lowincome women homeowners while advancing affordable, greencertified housing.”
Published on February 27, 2026
