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

Real Estate

26 Jun 2026

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..

Platinum Corp Launches Bespoke Presidential Suites

Platinum Corp has launched Platinum Stellar: Bespoke Presidential Suites, a luxury residential project on Main Avenue in Santacruz, Mumbai. The project has been positioned as a boutique, design-led development for high-net-worth individuals, business owners and legacy residents from the Bandra-Khar-Santacruz belt.The project has been developed in collaboration with celebrity interior designer Sussanne Khan and follows a design-first approach inspired by Art Deco architecture. It incorporates refined detailing, spacious layouts, premium material palettes and arrival experiences planned to creat..