New Delhi, Dec 24 (NationPress) BASIC Home Loan, recognized as India’s swiftly advancing mortgage-centric fintech platform, has joined forces with udChalo Housing to provide customized home loan options for current and retired defence personnel along with their families.

This collaboration seeks to ease the process of home ownership for defence and CAPF families by combining BASIC’s access to over 150 lenders with udChalo’s in-depth awareness of the housing requirements unique to defence personnel. Together, they will allow defence buyers to find verified, defence-friendly residential properties and secure attractive home loans through a unified, efficient process.

As part of this partnership, BASIC Home Loan will offer financing for RERA-registered, ready-to-move, and near-possession residential projects, primarily within the price range of Rs 20 lakh and above, including 1.5, 2, and compact 3 BHK homes, as well as plotted developments and row houses.

The emphasis is on affordable and mid-income housing, with selected projects designed to meet the income levels and usage needs of defence families. This initiative will first launch in Chandigarh and Pune, with plans for gradual expansion to major defence hubs throughout India.

In the coming three years, BASIC Home Loan anticipates disbursing loans totaling up to Rs 1,000 crore through this partnership. This venture is set against a backdrop of robust growth in the affordable housing sector, estimated at around $3.17 billion in 2024 and projected to rise to $9.46 billion by 2030, growing at a CAGR of nearly 19.8%, with North India currently leading the market.

“Defence personnel form a significant borrower segment with consistent incomes and disciplined credit behavior, yet their housing finance requirements are frequently overlooked. Our alliance with udChalo allows us to provide personalized loan options that take into account the specific income structures, postings, and future planning of defence members,” stated Atul Monga, CEO & Co-Founder of BASIC Home Loan.

Rahul Singh Sirohi, Business Head – Builder Business at BASIC Home Loan, remarked, “Through this collaboration, we are facilitating access to competitive financing that aligns with the lifestyle, budget, and long-term aspirations of defence families. By connecting builders, lenders, and platforms like udChalo, we are establishing a more dependable and transparent home-buying ecosystem.”

udChalo contributes to this partnership with a substantial base of currently serving armed forces members, veterans, defence civilians, and their families. The platform curates projects situated near strategic and defence-preferred locations, ensuring clear titles, bank-acceptable documentation, and pricing that matches defence household incomes.

Shivam Arren, CEO of udChalo, expressed, “Housing is one of the most significant yet intricate decisions for defence families. By collaborating with BASIC Home Loan, we are extending our assistance beyond property discovery to financing; ensuring our users gain access to various lenders, competitive rates, and support at every phase of their home-buying journey.”

Over the next 3-5 years, BASIC Home Loan and udChalo plan to formalize and expand defence-focused housing finance across major cantonments and Tier-2 and Tier-3 cities, creating a structured ecosystem for first-time buyers, serving personnel, and retirees alike.

BASIC Home Loan utilizes a hybrid home loan model featuring a proprietary lender-matching technology stack and access to over 150 lending partners. The company has successfully served more than 3.5 lakh customers and achieved cumulative approvals of around Rs 45,000 crore across over 650 districts nationwide.