Affordable housing finance firm Aham Housing Finance received Rs 30 Cr from Negen Capital

Aham Housing Finance, an affordable housing finance company based in Chennai, has raised Rs 30 crore from Negen Capital in a new funding round.

The company, which has 20 branches, intends to use the additional funding to improve its field network and automate internal processes.

Families with three to four members living in metro city suburbs and Tier II and III cities can apply for loans from Aham Housing Finance, which normally offer loans in the range of Rs 10 to Rs 15 lakh for self-constructed homes.

The housing finance company, which specializes in the informal market segment, sets itself apart by onboarding customers who exhibit predictable behavior despite having a limited credit history through the use of its proprietary underwriting tools.

Recently, Elevation Capital led a Rs 150 crore Series A round led by the tech-enabled brick and mortar housing finance company, Vridhi Home Finance.