NEW DELHI: India Mortgage Assure Corp. (IMGC) has partnered with with RBL Financial institution to supply mortgage guarantee-backed dwelling mortgage merchandise for salaried and non-salaried prospects. This partnership with IMGC will assist RBL Financial institution lengthen ortgage guarantee-backed dwelling loans to new borrower segments by way of its community of over 500 branches throughout the nation.
The mixed experience would allow a compelling worth proposition for its prospects and assist create a conducive lending setting for early homeownership by guaranteeing well timed disbursal of housing credit score and longer tenure to prospects.
“We’re delighted to associate with IMGC. This collaboration permits us to increase our merchandise to a broader buyer base whereas guaranteeing enhanced threat administration. It should additionally permit us to extend the tenor of dwelling loans and guarantee affordability,” stated Parag Kale, Enterprise Head – Secured Enterprise, RBL Financial institution.
The collaboration can even permit RBL Financial institution to mitigate credit score dangers by leveraging IMGC’s experience. One of many important benefits is double authentication, as IMGC can even validate every mortgage earlier than sanction, guaranteeing prime quality of portfolios for the lender.
“We’re excited to associate with RBL Financial institution as they chart out a progress journey in retail mortgages. The groups have collaborated to develop an enabling proposition. This shall increase product providing and likewise mitigate threat,” stated Mahesh Misra, CEO, IMGC.
IMGC has constructed a big aggressive place by guaranteeing over 85,200 dwelling loans amounting to greater than ₹15,400 crore, by way of its partnership with 23 lenders together with main banks and housing finance firms.
Inexpensive housing is likely one of the most promising segments within the retail finance house and IMGC has been taking part in an important function in serving to its lender companions foray into this house with minimal threat and serving to dwelling consumers fulfil their desires of proudly owning a house by way of increased eligibility and decrease equated month-to-month installments.
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