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
Cause Area
Primary Sectors
Secondary Sectors
Financials
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2021
Total IncomeRs.923,018,000Total ExpensesRs.846,088,000Non Program ExpensesRs.91,481,000Program ExpensesRs.754,607,000Tip: Click on any value above to exclude it. -
2022
Total IncomeRs.1,136,300,000Total ExpensesRs.1,028,100,000Non Program ExpensesRs.87,500,000Program ExpensesRs.940,600,000Tip: Click on any value above to exclude it. -
2023
Total IncomeRs.1,780,400,000Total ExpensesRs.1,544,900,000Non Program ExpensesRs.175,200,000Program ExpensesRs.1,369,700,000Tip: Click on any value above to exclude it.
Geographies Served
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
Registration Details
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PAN Card
AAFCM5658N
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CSR Form 1
Not Available
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FCRA
Not Available
About
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Headquarters
Mumbai, Maharashtra
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Since
2008
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.
Vision and Mission
MHFC's vision is to provide micro mortgage solutions for the urban poor. Its mission is to improve access to housing finance for low-income households through inclusive and sustainable lending practices.
Political & Religious Declarations
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Political Affiliation
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Religious Affiliation
Location
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Headquarters
#3 Victoria Building, 1st Floor S A Brelvi Road Off Horniman Circle Fort
Directions, Mumbai, Maharashtra -
Offices in Cities
Other Details
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Type
For-profit
Website
Technology Adoption
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SOC 2 Compliant
No
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Financial Management
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Beneficiary Management