Thursday, February 22, 2024
HomeInsightFunding Alert Finance Firm Aham Housing Finance Raises Rs 30 Cr in Funding

[Funding alert] Finance Firm Aham Housing Finance Raises Rs 30 Cr in Funding

Affordable housing finance company Aham Housing Finance, situated in Chennai, secured Rs 30 crore from financiers, including Negen Capital.
Venkatesh Kannappan, Founder, MD & CEO at Aham Housing Finance

Affordable housing finance company Aham Housing Finance, situated in Chennai, secured Rs 30 crore from financiers, including Negen Capital.

The company, which has 20 offices, plans to use the additional funds to improve its field network and streamline internal processes.

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With a focus on the unorganised sector, Aham Housing Finance normally offers loans for self-built homes to families with three to four people living in Tier II and III cities and the periphery of metropolises.

The organisation uses online platforms and bank forms to collect all installment payments, ensuring hassle-free transactions. This strategy facilitates efficiency and convenience while lowering the necessity for handling cash, which helps clients better manage their money.

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These loans typically range from Rs 10 to Rs 15 lakh. The home lending company sets itself apart by onboarding clients with a limited credit history who exhibit consistent behavior utilising its in-house underwriting algorithms.

About Aham Housing Finance

Aham Housing Finance is a leading financial institution dedicated to providing comprehensive and customer-centric services in the housing finance sector. With a strong focus on supporting clients through changes in the financial service industry, Aham adopts innovative strategies and practices.

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In order to help clients manage their financial resources wisely in both personal and corporate contexts, the institution strives to help them distinguish between personal and company money. The focus on financial awareness and literacy enables clients to make more informed financial decisions.

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