Basic Home Loan is close to achieving disbursals of ₹15,000 crore in FY2025, a growth of 2.5x from the previous year. The company’s referral agent network has grown significantly rising from 10,000 in December 2023 to over 15,000 in December 2024.
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.
Co-Founder & CEO Atul Monga, said, “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.”
“Our partnerships are the backbone of our success. Huddle 2024 reaffirmed our dedication to innovation and inclusivity in the mortgage industry, celebrating the people who make our vision a reality,” added Monga.
Founded in 2020 by Atul Monga and Kalyan Josyula, BASIC Home Loan aims to help India achieve its ‘Housing for All’ ambition. The company is building India’s largest online mortgage brokerage, 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.
