BASIC Home Loan Accelerates 2.5x Growth, Eyes ₹15,000 Crore Disbursal Goal
Company is also looking at increasing the referral agent network from about 15k to 50k in the next 12 months
BASIC Home Loan is close to achieving disbursals of Rs 15K crore in FY2025, a growth of 2.5x from the previous year. Speaking at the company’s flagship event, Huddle, held in Delhi and Mumbai, Co-Founder & CEO Atul Monga highlighted this achievement, reaffirming BASIC’s commitment to ‘Atmanirbhar Bharat’ and making homeownership a reality for all.
“FY2024 was an amazing year for us in which we almost doubled our annual disbursements. Our vision is to inspire young people in India to pursue careers as mortgage advisors.”
The company’s referral agent network, a cornerstone of its success, has grown significantly—rising from 10,000 in December 2023 to over 15,000 in December 2024. Their annual event, Huddle celebrated these agents who refer customers to BASIC Home Loan and collectively form the “BASIC Brigade” network.
BASIC Brigade network is a diverse group of influencers, including property dealers, chartered accountants, financial advisors, housewives, and more, who connect potential home loan customers to BASIC Home Loan. The BASIC team supports the disbursement process by providing fulfillment services.
At the Huddle event, BASIC celebrated the achievements of their advisors, with special recognition for top performers during December 2023 and January–February 2024. The event saw senior bank officials from financial institutions such as TATA Housing, Sammaan Capital, DMI HFC, IIFL Home Loan, Easy Home Finance and Clix Capital.
The company also launched the 2025 edition of its flagship ‘Maha Mortgage Months Contest’ for its Brigade network. The award honors their outstanding achievements across various categories, including highest number of referrals by an agent, business conversions, and length of service, among others.
BASIC’s workforce ecosystem now includes 15,000+ agents, 600 employees, 200 builders, and key strategic partnerships. The company underscored its dedication to empowering its agents with cutting-edge tools, performance incentives, and growth opportunities. BASIC aims to triple this network to 50,000 agents in the next 12 months, fostering employment opportunities for fresh graduates and professionals alike.
“Our partnerships are the backbone of our success,” added Monga. “Huddle 2024 reaffirmed our dedication to innovation and inclusivity in the mortgage industry, celebrating the people who make our vision a reality,” added Monga.
About BASIC Home Loan
BASIC Home Loan is on a mission to help India achieve its ‘Housing for All’ ambition. Founded in 2020, the company is building India’s largest online brokerage for mortgages, making home loans accessible through doorstep fulfillment for low-middle-income households in tier-2 and -3 cities. Today, BASIC has a network of 15,000+ agents, a presence in 650 districts, and 95+ financing partners.
The company processes loan applications worth over $1 billion every month. BASIC Home Loan is backed by notable investors including ace stock market investor Ashish Kacholia, Bertelsmann India Investment, CE-Ventures, Nikhil Kamath’s Gruhas, Picus Capital, Venture Catalysts, 9Unicorns, Earlsfield Capital, Good Capital, Dexter Angels, IIM Indore Alumni Angel Fund, CommsCredible Venture Fund, and more.
