Latest


Indiabulls Housing ties up with HDFC for co-lending

  •   Wed, Apr 21 2021 08:42:16 PM

Mumbai, Apr 21 (IANS): Indiabulls Housing Finance Ltd has entered into a strategic co-lending partnership with HDFC Ltd to offer housing loans to homebuyers at competitive rates.

The participation by both the entities in extending the credit facilities shall be on a sharing of risk and reward basis on mutually-agreed terms, HDFC said in a regulatory filing.

Indiabulls Housing will originate retail home loans as per jointly drawn-up credit policy and retain 20 per cent of the loan in its books and 80 per cent will be on HDFC books.

IBH will service the loan account throughout the life cycle of the loan.

"Co-lending partnership with HDFC Ltd will act as a cornerstone to IBH's new balance-sheet light growth business model. Moreover, technology led co-lending will help IBH offer convenient and seamless experience to its customers as well as help expand its reach to Tier III and IV towns of the country," Indiabulls said in a filing.

 
  

Top Stories

Mangaluru: Nitte DU’s 14th convocation ceremony held

  •   17 hours ago    1

Leave a Comment

Title: Indiabulls Housing ties up with HDFC for co-lending



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.

You might also like