11.00% NIDO Home Finance NCD

Nido Home Finance Limited (formerly known as Edelweiss Housing Finance Limited), a part of the Edelweiss Group, is a Housing Finance Company that has been providing access to credit to customers for various kinds of loans since 2010. Nido Home Finance (NHFL) is 100% subsidiary of EFSL.

Edelweiss Group at a glance

• Net worth : ~INR 6,046 cr
• liquidity : ~ INR 3,300 cr
• Q3FY24 PAT(Ex-Insurance): INR 153 cr

Business model – focused on affordable housing:

• What: Small ticket home loans with an avg. loan size of ~25 lacs
• Where: In BHARAT - tier 2 & 3 towns with high margins
• How: Co lending with SBI and SCB. Asset light model

Growth in co-lending - 80% book is under co lending model with Banks like SBI, BOB and SCB etc. Strong backing and credit lines at subsidized rates from marquee PSU banks and financial institutions like

• SBI – 250 cr
• IOB – 75 cr
• National housing board (NHB) – 25 cr

External validation of loan quality via securitization and co-lending. Strong collateral (house property assets) and high recovery visibility due to SARFAESI act.

Key Financials:

• Collection efficiency for the quarter at 98.7%
• GNPA at 2.24%
• Net NPA is 1.61%
• The NIM is in the range of 4%

Yield (p.a.)

See the tables below for effective yields for various terms:

Monthly Interest Payment Frequency

Yearly Interest Payment Frequency

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Staggered Redemption

This NCD has a staggered redemption feature for investment of 60 and 120 months. In Staggered Redemption, the principal amount of the bond is repaid in multiple installments over a specified period, rather than in a single lump sum at maturity. This is in contrast to a bullet redemption, where the entire principal is repaid at maturity.

Staggered Redemption for 60 months (5 years) NCD

Starting from the fourth year of your investment, one-half of your original investment will be returned to you. This means for every ₹1,000 you invested, you’ll receive ₹500 each year beginning in the fourth year till 5th year.

Staggered Redemption for 120 months (10 years) NCD

Starting from the fourth year of your investment, one-fifth of your original investment will be returned to you. This means for every ₹1,000 you invested, you’ll receive ₹200 each year beginning in the fifth year till 9th year.

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