Shriram Housing Finance and Punjab & Sind Bank sign co-lending agreement, ET RealEstate

October 18, 2023

NEW DELHI: Shriram Housing Finance (SHFL), an affordable housing finance company has signed a co-lending agreement with Punjab and Sind Bank (PSB) for business loans against affordable homes.

The two entities will jointly service the self-employed customers as per the co-lending model (CLM) of the Reserve Bank of India (RBI).

Ravi Subramanian, MD & CEO of Shriram Housing Finance, said, “There is a wide credit gap that the self-employed segment faces and SHFL with the support of our co-lending partners will explore bridging some of this gap. Through the co-lending model, we aim to explore the vast, emerging informal and middle-income population by leveraging the balance sheet strength of PSB and our expertise in underwriting affordable home loans.”

Under the co-lending arrangement, SHFL will target self-employed customers for business loans against their property in the affordable housing segment with PSB. SHFL will originate, process and service the loans.

  • Published On Oct 18, 2023 at 01:00 PM IST

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