- Chennai-based Aham Housing Finance has secured Rs 30 crore in a new funding round from Negen Capital.
- The company operates through a network of 20 branches and plans to use the funding to expand its field network and automate its operations organization-wide.
- Aham Housing Finance primarily provides loans ranging from Rs 10 to 15 lakh for self-constructed homes, targeting families with three to four members living in metro city outskirts and Tier II and III cities.
- The company specializes in serving the informal market segment and sets itself apart by employing proprietary underwriting tools to onboard customers with limited credit history but predictable behavior.
- This funding reflects the growing interest in the affordable housing finance sector, with an emphasis on supporting individuals and families in achieving homeownership.