IIFL Home Finance, a subsidiary of IIFL Finance which is a NBFC registered with the Reserve Bank of India (RBI), has signed a MoU with Central Bank of India.
According to the official press release, IIFL HF expects to grow loan book by 18% in the coming times with this tie up. The loan sourcing and servicing will be managed by IIFL Home Finance and 80% of the loan will be provided by Central Bank.
IIFL Home Finance will service the customers through the entire loan life-cycle including sourcing, documentation, collection and loan servicing.
IIFL Housing finance recently entered into co-lending arrangement with Standard Chartered Bank. IIFL HF has also joined hands with ICICI.
Under the initiative of Ministry of Housing and Urban Affairs, IIFL Home Finance organizes ‘Awas Par Samvaad’ – a step towards its commitment of enabling an eco-system for #GreenAffordableHousing in IndiaRead More