Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
  • SBI Life
  • DSP Mutual Fund
Upcoming Event : LeapToUnicorn - mentoring, networking and fundraising for startups. Register now
you are here: HomeNewsBusiness

IIFL Home Finance inks co-lending pact with PNB

This is the fourth co-lending agreement signed by the company with banks, IIFL HFL said in a release.

September 17, 2021 / 02:38 PM IST
This public sector bank's home loan offering figures in the list of five lowest interest rates on offer at the moment. It charges an interest rate of 6.8 percent, which means the borrowers will have to pay an EMI of Rs 57,250. Indian Bank, too, offer the same interest rate.

This public sector bank's home loan offering figures in the list of five lowest interest rates on offer at the moment. It charges an interest rate of 6.8 percent, which means the borrowers will have to pay an EMI of Rs 57,250. Indian Bank, too, offer the same interest rate.

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

IIFL Home Finance Ltd on Friday said it has entered into a co-lending arrangement with Punjab National Bank (PNB), and aims to grow its loan book by 25 per cent from such partnerships.

This is the fourth co-lending agreement signed by the company with banks, IIFL HFL said in a release.

"IIFL HFL today announced and signed an agreement with PNB, India’s 2nd largest public sector bank, for co-lending. The loan sourcing and servicing will be managed by IIFL Home Finance and 80 per cent of the loan will be provided by PNB," it said.

IIFL HFL said it expects to grow the loan book by 25 per cent with these associations.