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Aham Housing Finance raises Rs 10 crore from Negen Capital

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Aham Housing Finance raises Rs 10 crore from Negen Capital

Chennai-based housing finance company, Aham Housing Finance, has raised Rs 30 crore in funding from Negen Capital. Aham Housing Finance provides home loans in the range of Rs 10 to 15 lakh, primarily targeting self-constructed homes in the outskirts of metro cities and tier II and III cities. The company differentiates itself by using proprietary underwriting tools to onboard customers with limited credit history but predictable financial behavior. The fintech and housing finance sectors in India have seen a surge in loan services, with the Indian home mortgage finance market expected to grow at a CAGR of 7%. The COVID-19 pandemic had a significant impact on the housing finance sector, but measures such as reduced interest rates by the RBI have aimed to make home loans more affordable.

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