Motilal Oswal Home Finance Ltd. (MOHFL), one of the leading new-age Housing Finance Companies in India, has received a commitment of USD 50 million in long-term loans from the U.S. International Development Finance Corporation (DFC) via External Commercial Borrowing (ECB) route. MOHFL has joined hands with U.S DFC to provide affordable housing finance to women and low-income group borrowers in India. This funding commitment of USD 50 mn is for 15 years and comes at a fixed competitive rate. The company has received the 1st tranche of this funding from DFC.
The U.S. DFC is America’s development finance institution (DFI) and a part of the U.S. Government. It is also the world’s largest development finance institution. The U.S. DFC provides debt financing, equity investments, feasibility studies, investment funds, political risk insurance, and technical assistance.
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