Aahf joins Rs100 crore loan dis­bur­sal per month club

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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.

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