Basic Home Loan, a company that provides easy home loans to customers, has set a target of loan disbursement of Rs 30,000 crore for the fiscal year 2025-2026. Company co-founder and CEO Atul Monga said that the aim of the company is to show its commitment towards self-reliant India and make everyone’s dream of buying a house come true. He said that 2024 was a great year for the company and during this period the annual loan disbursement almost doubled.
Monga said that his company is encouraging youth to become mortgage advisors. The company is trying to increase this through its referral agent network. Top performers from December 2023 to January-February 2024 were specially honored in Basic Home Loan’s Phonogram Huddle 2024. The event was attended by several senior executives from Tata Housing, Samman Capital, DMI HFC, IIFL Home Loans, Easy Home Finance and Clix Capital.
Basic Home Loan is backed by renowned investors such as Stock Market Investor Ashish Kacholia, Bertelsmann India Investments, CE-Ventures, Nikhil Kamath Grihas, Picus Capital, Venture Catalyst, 9 Unicorns, Earlsfield Capital, Good Capital, Dexter Angels, IIM Indore Alumni Angel Fund. , is supported by ComCredible Venture Fund
Basic Home Loan’s workforce includes more than 15000 agents, 600 employees, 200 builders and partners. The company has set a target of expanding this network to 50,000 agents in 12 months. This will provide employment opportunities to new graduates and professionals.