Micro Housing Finance Corporation Limited
Empowers low-income households with access to affordable housing finance solutions, focusing on underserved segments in collaboration with various partners across India
About
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Headquarters
Mumbai, Maharashtra
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Since
2008
SMHFC, known as Svatantra Micro Housing Finance Corporation Limited, is dedicated to bringing about meaningful social change by providing affordable h Read moreousing finance solutions. Its primary focus is on extending access to housing for low-income households, especially those in the Economic Weaker Section (EWS) and Lower-Income Group (LIG) who lack access to traditional banking services. SMHFC collaborates closely with affordable home developers, the retail sector, housing finance associations, and microfinance organisations to serve these informal customers. Its innovative business model operates within a rigorous risk assessment framework, ensuring the security of both clients and housing projects. Spanning across western, central, and eastern India, SMHFC's extensive presence enables them to reach underserved customers. It places a strong emphasis on customer-centricity and leverage technology to support its operations. Its core values include integrity, trust, customer-centricity, passion, innovation, and teamwork, reflecting its commitment to creating affordable housing solutions for all.
Cause Area
Sector
Sub Sector
Impact
SMHFC has disbursed loans exceeding INR 2182.93 crores to more than 29,000 active customers, maintaining a gross loan portfolio exceeding INR 1413 crores across 8 states.
Programs
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Home Loan Facility
SMHFC offers a range of home loan products to cater to the diverse housing needs of its customers. These include Home Purchase Loans, which cover various types of housing projects, Balance Transfer facilities with competitive rates and additional top-ups, Self-Construction Loans for building custom houses on owned land, Home Renovation Loans for improving existing properties, and Plot Purchase Loans to acquire residential plots in approved projects. These loans have maximum amounts and tenures tailored to suit different requirements, providing customers with flexible and accessible financing options for their housing goals.
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Non Housing Loan Facility
SMHFC extends its financial services beyond housing with Non-Housing Loans. Its Loan Against Property (LAP-Residential) allows customers to leverage their residential property for loans, which can be used for various purposes, including business, education, or personal needs. The Top-up Loan option provides additional financing to new and existing SMHFC customers for a wide range of purposes, from business requirements to personal aspirations. SMHFC's Commercial Property Loan (NRP) facilitates business ventures by enabling customers to acquire or construct commercial properties. Lastly, the Loan Against Property (LAP-Commercial) caters to those who wish to mortgage their commercial properties to access loans. These loans come with varying maximum amounts and tenures, providing flexible financing solutions for different needs.
Impact Metrics
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Amount of Loans Disbursed I(Inr in Crores)
Year-wise Metrics- 2013-14 229
- 2014-15 229
- 2015-16 316
- 2016-17 441
- 2017-18 605
Leadership Team
Demographics & Structure
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No. of Employees
100+
M&E
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Internal, External Assessors
No
Policies
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Ethics and Transparency Policies
No
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Formal CEO Oversight & Compensation Policy
No
Political & Religious Declarations
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On Affiliation if any
No
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On Deployment Bias if any
No
Registration Details
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PAN Card
AAFCM5658N
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FCRA
Not Available
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CSR Registration Number
Not Available
Location
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Headquarters
#3 Victoria Building, 1st Floor S A Brelvi Road Off Horniman Circle Fort, Mumbai, 400001
Directions
Other Details
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Type & Sub Type
For-profit
Website
Financial Details
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2020-21
IncomeRs.923,018,000ExpensesRs.846,088,000Admin ExpensesRs.91,481,000Program ExpensesRs.754,607,000Tip: Click on any value above to exclude it. -
2021-22
IncomeRs.1,136,300,000ExpensesRs.1,028,100,000Admin ExpensesRs.87,500,000Program ExpensesRs.940,600,000Tip: Click on any value above to exclude it. -
2022-23
IncomeRs.1,780,400,000ExpensesRs.1,544,900,000Admin ExpensesRs.175,200,000Program ExpensesRs.1,369,700,000Tip: Click on any value above to exclude it.