Aahf joins Rs100 crore loan disbursal per month club
ART Affordable Housing Finance (I) Limited (AAHF) announced crossing INR 100 Crore affordable home loan disbursal in the month of March 2018 and joining the league of Housing Finance Companies that disburses an amount of hundred crores in loans in a month. In March, 2017 ART Affordable Housing Finance disbursed INR 16 Crore with approximate 200 disbursals while in March, 2018 it disbursed over INR 105 Crore with over 800 disbursals. In percentage growth term it is staggering 556% growth over March, 2017 in value while the units quadrupled that is a growth of 300%. Having started its Affordable Housing Business journey in July-2016, the FY-17 was invested in creating the mix of right talent, right processes and adapting to the ecosystem, spreading its roots in 40+ cities through a mix of physical and virtual branches in 6 states; Delhi, UP, Haryana, Gujarat, Rajasthan and Maharashtra. ART Affordable Housing Finance has a current loan book size of more than Rs. 450 Crore and an equity base of Rs. 375 Crore. The first leg of business involved customer acquisition that crossed 700 logins a month within 6 months of implementation of new age technology of documentation & processes digitization. The other leg of INR 100 Crore disbursals a month has been achieved in March, 2018.