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ICICI Direct Report
Home First Finance is a Bengaluru based technology-driven affordable housing financier that targets customers in the low and middle-income group.
Loans for purchase or construction of homes comprises 92.1% of gross loan assets, as of September 30, 2020.
Salaried customers account for 73.1% and self-employed customers account for 25% of gross loan assets.
The company also offer other types of loans comprising loans against property, developer finance loans and loans for the purchase of a commercial property.
Gross loan assets have grown at a compound annual growth rate of 63.4% in FY18-20 to Rs 3,618 crores and Rs 3730 crore, as of 30 September 2020.
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