BASIC Home Loan Partners with udChalo Housing to Support Defence Sector Buyers

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Gurugram: BASIC Home Loan has partnered with udChalo Housing to offer customised home loan solutions for serving and retired defence personnel, CAPF members, and their families.

The collaboration aims to simplify the home buying process for defence households by combining BASIC’s wide lender access with udChalo’s deep understanding of defence-specific housing needs.

Through this partnership, defence buyers will be able to identify verified, defence-friendly residential projects and secure competitive home loans through a single, streamlined platform.

Single-Window Access to Housing and Finance

Under the collaboration, BASIC Home Loan will facilitate financing for RERA-registered, ready-to-move, and near-possession residential projects. The focus will be on homes priced at Rs. 20 lakh and above, including 1.5 BHK, 2 BHK, compact 3 BHK units, plotted developments, and row houses. These projects are aligned with defence household income profiles and end-use requirements, with a strong emphasis on affordable and mid-income housing.

BASIC Home Loan’s access to over 150 lending partners will help defence buyers compare options and secure suitable loan terms with ease.

Initial Rollout and Expansion Plans

The partnership will begin operations in Chandigarh and Pune, two prominent defence hubs. It will gradually expand to other key defence locations across the country. Over the next three years, BASIC Home Loan expects loan disbursals of up to Rs 1,000 crore through this collaboration.

Looking ahead, the two companies plan to scale defence-focused housing finance across major cantonments and Tier-2 and Tier-3 cities over the next 3 to 5 years, creating a structured ecosystem for first-time buyers, serving personnel, and retirees.

Leveraging Defence-Focused Expertise

udChalo brings to the partnership a large captive base of armed forces personnel, veterans, defence civilians, and their families. The platform curates residential projects near strategic and defence-preferred locations, ensuring clear land titles, bank-acceptable documentation, and realistic pricing suited to defence incomes.

Riding Affordable Housing Growth

The partnership comes at a time when India’s affordable housing segment is seeing strong growth. Valued at around USD 3.17 billion in 2024, the segment is projected to reach USD 9.46 billion by 2030, growing at nearly 19.8 percent annually. North India currently leads this market.

BASIC Home Loan operates a phygital model supported by proprietary lender-matching technology. The company has served over 3.5 lakh customers and recorded cumulative loan approvals of around Rs 45,000 crore across more than 650 districts nationwide.