HOME > MARKETS > COMPANY NEWS
  COMPANY NEWS
COMPANY
IIFL Finance’s arm enters into co-lending arrangement with PNB
Sep-17-2021

IIFL Finance’s subsidiary company -- IIFL Home Finance 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. 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 expects to grow the loan book by 25 per cent with these associations.

The company will service customers through the entire loan cycle, from sourcing, documentation, collection to loan servicing. It aims to penetrate into affordable housing loans and secured MSME loans, besides strengthening its portfolio.

IIFL Finance is an Indian diversified financial services company.

  RELATED NEWS >>