The Asia Tech Podcast had a chat with Atul Monga, a Founder of Basic Home Loan.  Founded in 2020, BASIC Home Loan is a fintech company, developing an automated platform for home lending in India. It aims to provide consumers with end-to-end fulfillment, through technology for faster loan disbursements. The company’s vision is to change the way Bharat (India) finances its affordable homes.

Some of the topics that Atul and I discussed:

  • The drastic change in India’s socio-demographic structure
  • Extended families are becoming more nuclear
  • The impact these socio-demographic changes have on the housing sector, especially in tier-2 and tier-3 cities
  • How ‘Phygital’ (blending an offline, physical approach with an online one) is becoming the backbone of home lending in non-urban India
  • How the pandemic has and continues to rewrite the housing preferences of low and middle-income India
  • The standardization of housing properties and how this is rewriting the lending rules in India
  • Paperless documentation and faster disbursals are becoming the norm
  • Is there an insurance play as well

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