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Basic Home Loan, a New Delhi-based fintech firm, expects its FY26 revenue to reach INR 150-200 crore, up from INR 70 crore last year, driven by AI-powered solutions and stronger real estate partnerships. CEO Atul Monga said new products like HOM-i and the expanded Homfinity platform are fueling growth and customer acquisition. Founded in 2020, the company focuses on affordable, tech-enabled home loans for tier-2 and tier-3 cities, with HOM-i analysing over 3 lakh customer and 2 lakh property profiles, enabling INR 30,000 crore in sanctioned loans. Backed by Bertelsmann India Investment and Gruhas, Basic Home Loan plans a 2030 stock market listing, underscoring its long-term expansion in India's digital mortgage sector.
Basic Home Loan, a New Delhi-based fintech enterprise, has projected a significant jump in its revenue for the ongoing financial year, with expectations to reach INR 150-200 crore. The company's Co-founder and Chief Executive Officer, Atul Monga, mentioned earlier this week that this growth would primarily stem from the introduction of AI-powered solutions and deeper partnerships with the real estate sector. Advertisement
Monga noted that in the previous fiscal year, the company's revenue stood at roughly INR 70 crore, but the current year's trajectory indicates a major increase supported by new product launches such as HOM-i and the expansion of its Homfinity platform. He explained that initiatives like these, alongside enhanced collaborations with property developers, are helping the company broaden its market reach and attract new customers.
He also added that the company was actively expanding across multiple regions to engage a larger customer base, particularly focusing on geographical diversification. Monga stated that Basic Home Loan has plans to list on the stock exchanges by 2030, reflecting its ambitions for sustained long-term growth.
Established in 2020, Basic Home Loan has been developing an online mortgage brokerage aimed at simplifying access to home loans through doorstep fulfilment services, particularly catering to low and middle-income households in tier-2 and tier-3 cities. The company reported that its AI-based product, HOM-i, has already analysed over 3 lakh customer profiles and 2 lakh property profiles, contributing to sanctioned loans worth INR 30,000 crore.
Backed by investors including Bertelsmann India Investment and Nikhil Kamath'[s Gruhas, Basic Home Loan currently operates across 650 districts with a network of over 100 financial partners. It also claims to process loan applications valued at more than INR 8,500 crore each month, indicating the firm's strong operational scale and continued momentum in the housing finance sector.
Basic Home Loan's growth plans highlight its focus on technology-driven lending solutions and partnerships that support expansion in India's real estate ecosystem. With AI playing a central role in analysing loan and property data, the company is positioning itself as a key player in digital home finance. Its intent to go public by 2030 reinforces its strategic roadmap towards becoming a dominant name in the fintech and mortgage markets.
Source - PTI
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