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Yes Bank, Indiabulls Housing Finance to give home loans under co-lending model


and have come forward for a strategic co-lending tie-up to source and service home loans. Under this strategic co-lending agreement, they will offer home loans to homebuyers at competitive interest rates, Yes Bank and Indiabulls Housing Finance said in a joint release on Wednesday.

The partnership aims at synergising capabilities to provide an efficient and seamless experience to retail home loan customers, it said.

The co-lending framework laid down by RBI provides a collaboration tool to benefit from the low-cost funding model of a bank and the cost-efficient sourcing and servicing capabilities of a non-bank.

The bank is looking forward to further building a profitable and quality home loan portfolio through this partnership, Rajan Pental, Global Head – Retail Banking, Yes Bank said.

“This is in line with Yes Bank’s strategy of expanding its retail franchise through a mix of organic and partnership-led origination model,” he said.

Gagan Banga, Vice Chairman, and Chief Executive Officer, Indiabulls Housing Finance said this will allow the company to leverage Yes Bank deposit-led franchise.

“It complements our technology-led distribution to provide efficient solutions around home loans to a wide gamut of customers across geographies, ticket-size and yield spectrum, to give us balance-sheet light growth and profitability,” Banga said.



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