Aditya Birla Housing Finance Launches ABHFL-Finverse: A Digital Lending Platform

On March 21, 2024, a wholly-owned subsidiary of Aditya Birla Capital Limited, Aditya Birla Housing Finance (ABHFL), announced that it has launched ‘ABHFL- Finverse’, which is a unified digital lending platform for its home loan customers.

Details of ABHFL- Finverse

On Friday, Aditya Birla Housing Finance informed about the launch of their new platform called ABHFL- Finverse. The platform will digitise the complete lending process right from prospecting to disbursement. This will offer customers a seamless experience journey, quick turnaround of loan applications, real-time updates and greater transparency of loan status.

The Managing Director and CEO of Aditya Birla Housing Finance, Pankaj Gadgil, stated, “Through ABHFL- Finverse, we are empowering customers with benefits like home loan tracking feature which enables real-time updates, seamless navigation, and a completely paperless experience. All our solutions aim to transform customer journeys by significantly reducing turnaround time and making home loan experiences simpler, faster, and accessible to a wider customer segment.”

The company further mentioned that it conducted vast research with partners and customers to understand the nuances of the home-buying experience and the challenges faced in the home loan journey.

Overall, through their new platform, ABHFL- Finverse, Aditya Birla Housing Finance has aimed to make the home loan process hassle-free and simple for customers while helping them to stay in control of their home purchase journey.

ABHFL-Finverse platform has been co-created in association with the technology giant Tata Consultancy Services (TCS), utilising their collective expertise in technology solutions and comprehensive knowledge of financial services to develop a strong and effective platform.

Currently, the platform is available on the Google Play Store and will soon be launched on the Apple App Store.

About Aditya Birla Housing Finance Limited 

Aditya Birla Housing Finance Limited is a wholly-owned subsidiary of Aditya Birla Capital Limited. Aditya Birla Housing Finance Limited is a quickly growing Housing Finance Company (HFC) in India. The company is registered with the National Housing Board (NHB) as a non-deposit-accepting housing finance company. As of December 31, 2023, Aditya Birla Housing Finance Limited manages Assets Under Management (AUM) of more than ₹16,538 crore.

On March 22, 2024, the share price of ABHFL’s parent entity, Aditya Birla Capital Limited, opened at ₹173.40, touching the day’s high at ₹176.20, as of 12:08 PM on the NSE.

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