Home Loan Boost for Defence Personnel: Easier Financing as Two Housing Firms Join Hands

Buying a home is set to become much easier for India’s defence personnel and their families. In a major step aimed at simplifying home ownership for armed forces and CAPF families, BASIC Home Loan has partnered with udChalo Housing to offer customised home loan solutions along with verified residential projects—all on a single platform.

This collaboration is specifically designed for serving and retired defence personnel

, including members of the armed forces, veterans, defence civilians, and Central Armed Police Forces (CAPF). The initiative seeks to address the long-standing challenges defence families face while purchasing homes, such as frequent transfers, complex documentation, and limited access to tailored financing options.

One Platform for Verified Projects and Home Loans

Under this partnership, defence families will be able to discover defence-friendly residential projects and secure competitive home loans simultaneously

. BASIC Home Loan brings access to over 150 lending institutions, while udChalo contributes its deep understanding of defence-specific housing requirements.

Together, the two companies aim to make the home-buying journey smoother by offering:

• Verified residential projects

• Transparent and bank-acceptable documentation

• Multiple lender options for better interest rates

• End-to-end guidance during the loan and purchase process

This integrated approach removes the need for buyers to coordinate separately with builders, brokers, and banks.

Which Properties Will Be Eligible?

The home loan facility will be available for:

• RERA-registered projects

• Ready-to-move-in homes

• Near-possession residential projects

The focus will largely be on homes priced at ₹20 lakh and above

, covering:

• 1.5 BHK and 2 BHK apartments

• Compact 3 BHK flats

• Plotted developments

• Row houses

The emphasis will remain on affordable and mid-income housing, with projects selected based on the income profiles and lifestyle needs of defence families.

Pilot Launch in Chandigarh and Pune

In the first phase, the initiative will be rolled out in Chandigarh and Pune, two cities with a significant defence presence. Over time, the partnership will expand to other major defence hubs across the country.

BASIC Home Loan expects this collaboration to result in loan disbursements of nearly ₹1,000 crore over the next three years, highlighting strong demand for structured housing finance solutions among defence personnel.

Riding the Growth of Affordable Housing

The timing of this partnership aligns with the rapid expansion of India’s affordable housing segment. In 2024, the segment was valued at approximately $3.17 billion

and is projected to grow to $9.46 billion by 2030, registering a CAGR of nearly 19.8%.

North India currently leads this market, and defence-focused housing finance is expected to play an increasingly important role in driving demand in both metro and non-metro regions.

What BASIC Home Loan’s CEO Said

Commenting on the partnership, Atul Monga, CEO and Co-founder of BASIC Home Loan

, said that defence personnel represent a strong borrower segment due to their stable income and disciplined credit behaviour. However, their unique housing needs are often underserved.

He added that partnering with udChalo will allow BASIC Home Loan to offer customised loan options that factor in defence-specific income structures, postings, and long-term financial planning requirements.

udChalo’s Role in the Partnership

udChalo brings with it a large and trusted user base of:

• Active armed forces personnel

• Veterans

• Defence civilians and their families

The platform curates residential projects located near strategic and defence-preferred locations, ensuring:

• Clear property titles

• Bank-approved documentation

• Pricing aligned with defence income levels

This ensures buyers face fewer surprises during the loan approval and registration stages.

udChalo CEO’s View

According to Shivam Aaren, CEO of udChalo

, buying a home is one of the most important yet complex decisions for defence families. Through this partnership, udChalo now offers not just property discovery but also financing support, giving users access to multiple lenders, competitive interest rates, and expert guidance at every step.