Altum Credo Home Finance

Positions itself as a pioneer of tech-driven affordable housing finance for customers otherwise excluded from formal long-term credit.

Average loan ticket size and tenure, with conservative loan-to-value.

Targets urban-periphery and semi-urban first-time homebuyers excluded from formal housing finance.

Lends to households whose income cannot be formally documented in the way traditional lenders require.

The large majority of the loan book is EWS/LIG borrowers.

Consumer app for loan tracking/EMI calculation, plus a customer referral scheme.

Physical branch presence across Maharashtra, Tamil Nadu, Karnataka, Rajasthan, Andhra Pradesh and Telangana.

Loan application, document verification, then approval & disbursal.

Combines a technology-driven origination/underwriting process with an extensive field network.

Home loans plus adjacent lending products for the same customer base.

Promoted and run by professionals with 25+ years each in retail-asset lending, headed by MD & CEO Vikrant Bhagwat and supported by a stable functional leadership team.

Regular equity infusions from institutional and impact investors have left the company well-capitalised, with capital adequacy far above the regulatory minimum for an HFC.

Term loans and non-convertible debentures sourced from a growing panel of banks and NBFCs, including low-cost refinance from the National Housing Bank, underpin its ability to fund loan-book growth.

Operates as a regulated housing finance company under an NHB license, the core regulatory asset that permits it to originate home loans.

The loan process is technology-driven end to end; the loan-origination tech stack was upgraded in FY23 with API integrations and omnichannel functionality for underwriting and a dedicated cashless collections vertical.

UK development finance institution; existing investor that led a follow-on equity round in Aug 2025.

Co-led the April 2024 Series C round.

Financial advisor on the Series C transaction.

Revenue is earned across the full product suite of home loans and related lending products.

Operating expenses scale with branch and employee additions; the expense-to-assets ratio improved as the company gained scale.

As an NBFC-HFC, interest paid on wholesale borrowings is a core cost; the blended borrowing rate has been easing as more low-cost NHB refinance is drawn in.

Provisioning for loan losses stays low as a share of assets, reflecting the comfortable asset quality of the secured, low loan-to-value home-loan book.

As the company drew more debt to fund loan-book growth, absolute finance costs rose sharply year on year.