JM Financial Home Loans Limited (JMFHLL), an integral part of the JM Financial Group is a Housing Finance Company registered with the National Housing Bank. JMFHLL has embarked on JM Financial Group’s strategy to expand into retail mortgages business. JMFHLL received the registration in November 2017 and is focusing on (i) affordable housing finance and (ii) smaller ticket loan against property. As on June 30, 2023, JMFHLL has expanded to 93 branches across the states of Maharashtra, Gujarat, Rajasthan, Tamil Nadu, Telangana, Karnataka, Andhra Pradesh, Chhattisgarh and Madhya Pradesh with a loan book of Rs. 1,450 crore and AUM of Rs. 1,576 crore. It has an employee base of 943, an average ticket size of Rs. 11 lakhs and loan to value of 57% as on June, 2023. JMFHLL’s long term debt is rated AA (Stable Outlook) by CRISIL Limited and ICRA Limited.
JM Financial Home Loans Limited (JMFHLL/the Company) today announced the launch of its branch in Bhopal, Madhya Pradesh. With the launch of this branch, JMFHLL has now expanded its network to 100 branches across 9 states in the country, spanning over western, southern and central India. This expans... (more)
