Indiabulls Housing Finance
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| Public company | |
| Traded as | : , : IBULHSGFIN, Nifty 50 Constituent |
| Industry | Financial Services |
| Founded | 2005 |
| Headquarters | New Delhi, India |
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Area served
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India, United Kingdom, United Arab Emirates |
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Key people
|
Sameer Gehlaut (Chairman) |
| Products | Home Loans |
| Revenue |
 ₹88.41 billion (US$1.4 billion) (2016) |
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₹76.18 billion (US$1.2 billion) (2016) |
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| Total assets |
₹751 billion (US$12 billion) (2016) |
| Website | www |
Indiabulls Housing Finance Limited (IBHFL) is a mortgage lender which is headquartered in New Delhi, India. It is India's second largest housing finance company and is regulated by the National Housing Bank. It is part of Sameer Gehlaut's Indiabulls group and contributes approximately 80% of the groups turnover. IBHFL started out as a subsidiary of Indiabulls Financial Services (IBFSL), a Non-bank financial institution. In 2013, IBFSL was reverse-merged into its subsidiary IBHFL.
IBHFL concentrates on the mid-market segment. Home loans made up 56% of the company business as of March 2017, whereas loans against property and corporate loans made up the rest, with each sector contributing 22% of the company business as of March 2017. Like some of its peers, IBHFL offers preferential interest rates to woman customers.
In 2016, Indiabulls Housing Finance announced that it would invest ₹1 billion (US$16 million) in innovative technology platforms. The same year it became the first mortgage company to complete an end-to-end digitisation of loan sanctions in India. The company tied up with the Centre for Development of Advanced Computing and the Unique Identification Authority of India to offer e-signing using PAN and Aadhar numbers. The mortgage agreements signed through this route as stored digitally in NSDL digital depository participant accounts. It also has an application on Facebook, IB Easy which facilitates loan applications through social media.
Indiabulls Housing Finance bought a 40% stake in London, United Kingdom based OakNorth Bank for £66 million in 2015, making it the largest shareholder in the bank which was founded by serial entrepreneur Rishi Khosla and specialises in lending to small businesses. The company also has a branch office in Dubai, United Arab Emirates. It provides loans to Non Resident Indians based in UAE to buy properties in India.
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