Indiabulls, HDFC join hands to offer home loans at competitive rates

23 Apr 2021 CW Staff

Indiabulls Housing Finance Ltd has tied up with finance major HDFC Ltd for a strategic co-lending partnership to offer housing loans to homebuyers at competitive rates.

As per the agreement, Indiabulls Housing Finance will originate retail home loans as per the jointly-drawn up credit policy and retain 20% of the loan in its books, while the remaining 80% will be on HDFC Ltd's books. The company said it would service the loan account throughout the life cycle of the loan.

In September 2018, the Reserve Bank of India (RBI) had first allowed banks to co-originate priority sector loans with non-banks, given Non-Banking Financial Companies (NBFCs) had at least 20% exposure in the joint loan. Under the co-origination model, borrowers get an all-inclusive interest rate as may be agreed upon by both lenders.

As of 31 December, 65% of Indiabulls' asset book consisted of housing loans and its total loan book stood at Rs 70,282 crore, while HDFC Ltd had a loan book of Rs 5.52 lakh crore during the same period.

Co-lending is a process in which two lenders come together where the smaller one originates the loan, performs credit appraisal and disburses a small amount of the total loan. After that, the larger lender steps in to lend a major share of the loan.

Indiabulls Housing Finance Ltd is a mortgage lender headquartered in Gurugram. It is one of India's largest housing finance firms and is regulated by the National Housing Bank.

Image Source

Also read: HDFC Capital, Cerberus tie-up to help residential projects

Also read: Why housing went through the roof during Covid: Care Ratings

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..