Mumbai : Edelweiss Housing Finance Limited (EHFL), has announces strategic agreement with Public sector bank Bank of Baroda, for co-lending of home loans to self-employed entrepreneurs and salaried customers. Edelweiss Housing Finance Limited is one of the early movers to enter into a Co-Lending arrangement with a Bank in the housing finance space.
This partnership involves sharing of risks and rewards between EHFL and Bank of Baroda and aims to create a conducive lending environment for home-loan seekers. For Edelweiss, co-lending represents an alternate model of disbursals that is asset light and creates a sound revenue model for sustainable business. For self-employed and salaried customers, co-lending provides two key benefits: Simplicity of dealing with a single entity – for their financing, and convenient access to a blended cost-effective rate of interest.
“In line with the objective to increase our reach to maximum number of prospective borrowers, we are happy to partner with Edelweiss Housing Finance to furtherscale our marketshare in the Home loan segment, as well as support entrepreneurs and salaried persons” Mr. Vikramaditya Singh Khichi, Executive Director at Bank of Baroda said.