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Vastu Housing Finance, an Indian mortgage lender specialising in affordable housing, plans to borrow up to USD 50 million from the US International Development Finance Corporation. The 20-year loan will enhance credit access for low-income borrowers in Tier II to IV Indian towns, focusing on housing needs and women's home ownership. Founded in 2015, Vastu manages USD 1.14 billion in assets, operates in 14 states, and employs over 4,500 people. Supported by major financial institutions, Vastu aims to expand affordable housing and financial inclusion in smaller Indian towns.
Vastu Housing Finance, a mortgage lender focused on affordable housing, has announced plans to secure up to USD 50 million through a 20-year loan from the US International Development Finance Corporation (IDFC). The company has signed an agreement for external commercial borrowing with the IDFC. The funds will be used to improve credit access for low-income borrowers, particularly in Tier II to IV towns across India. Vastu aims to address housing needs and promote home ownership among women in these areas. Advertisement
Established in 2015, Vastu Housing Finance specialises in providing affordable housing finance to low-income and self-employed individuals, with a particular emphasis on supporting women borrowers. The company currently manages assets worth USD 1.14 billion and operates in 14 Indian states, employing over 4,500 people.
Vastu was initially backed by seed capital from investors including Multiples Private Equity (led by Renuka Ramnath), Pramod Bhasin, Samir Bhatia, and Vikram Gandhi. Since then, it has attracted investments from notable entities such as the International Finance Corporation (IFC), Norwest Venture Partners, Creation Investments, 360 One Asset Management Limited, TA Associates and Faering Capital.
Vastu Housing Finance, a mortgage lender focused on affordable housing, is set to secure up to USD 50 million through a 20-year loan from the US International Development Finance Corporation (IDFC). This funding aims to enhance credit access for low-income borrowers, particularly in Tier II to IV towns in India, and promote home ownership among women. Established in 2015, Vastu specialises in affordable housing finance for low-income and self-employed individuals, managing assets worth USD 1.14 billion across 14 states. The company has received backing from prominent investors including IFC, Norwest Venture Partners, and TA Associates.
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