How Aadhar Housing Finance is fulfilling everyone’s dream of owning a house

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Owning a house is one of the key requirements of majority of the individuals, irrespective of their economic strata, as it provides economic security in the form of a roof over head.
With easy loans and hassle-free paperwork, people are upbeat about buying their dream house. Still, few sections of the society, especially the informal segment, are unable to fulfil this dream because of two main factors- low income and incomplete income documents.
Here, Aadhar Housing Finance Ltd, one of the largest housing finance companies in the affordable space, is playing a pivotal role in solving these issues. It is enabling home ownership for every Indian by focussing on people belonging to low income segment, whose income is between Rs 5000 and Rs 50, 000 or above, and providing them housing finance at affordable rates.
Home buyers from barbers, tailors, carpenters, to police, defence and railway personnel, Aadhar is taking forward PM Shri Narendra Modi’s ‘Housing For All’ vision forward and enabling wider access to housing finance, in a simple, transparent, innovative and speedy manner.

Aadhar has a strong and unique loan appraisal process and exclusive products in which they gather information through personal discussions and visits from those customers who do not have formal income documents in place. This enables the company to keep a dedicated focus on the low income segment.
It has 285 branches across 19 states covering more than 1500 locations and it plans to open 64 new branches to broaden their operations. Also, Aadhar has adopted an innovative approach of a Hub and Spoke model to reach population beyond Tier 1, 2 and 3 cities.
Aadhar is a subsidiary of WGC and backed by the World Bank through the equity participation of International Finance Corporation (IFC).