Niwas Housing Finance Limited

Niwas Housing Finance Limited, formerly known as IndoStar Home Finance Private Limited is a non-banking financial company (NBFC) that operates as a provider of lending and financing solutions for low-income homeowners and small businesses. In July 2025, EQT invested INR 5 billion in Niwas Housing Finance Limited. Niwas Housing Finance Limited specializes in providing affordable home loans targeted primarily at low to middle-income segments in semi-urban and rural areas of India. The company offers a range of products including new home loans, self-construction loans, home loan balance transfers, and loans against property.

These loan products facilitate home ownership and support individuals in constructing homes on their own plots, catering to customers who may otherwise face financial barriers. Niwas aims to address financial emergencies and planned expenses with flexible loan tenures that extend up to 30 years for home loans and up to 15 years for loans against property. Their core clientele includes first-time homebuyers and individuals seeking to improve their housing situation, reflecting a strong commitment to enhancing living conditions across various regions in India, particularly in cities like Hyderabad and Kanchipuram. Niwas Housing Finance Limited generates revenue primarily through interest income on the loans it disburses to customers.

The transactions typically involve clients applying for loans, which are processed and sanctioned based on eligibility criteria, with monthly repayments structured as equated monthly installments (EMIs). The company fosters direct relationships with its customers, providing services tailored to individual needs and ensuring a smooth loan processing experience. Specific pricing structures include competitive interest rates based on the company's Prime Lending Rate, which is currently set at 17. 25%, and additional benefits such as subsidies under the Pradhan Mantri Awas Yojana (PMAY) scheme.

While individual loan amounts can reach up to INR 30 lakh, the company’s revenue model is largely dependent on the volume of loans granted and the ongoing interest accrued from these financial products. In July 2025, EQT plans to utilize the recent acquisition to enhance Niwas Housing Finance Limited's operational capacity and product offerings. The company intends to introduce new financial products aimed at further supporting home construction and ownership, although specific release dates are not mentioned. Additionally, Niwas is looking to expand its reach into new geographic markets across India, specifically targeting underserved areas to promote housing development.

This strategic expansion is set to take place in tandem with the ongoing integration of new operational capabilities following the acquisition.