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

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

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

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 SourceAlso read: HDFC Capital, Cerberus tie-up to help residential projects Also read: Why housing went through the roof during Covid: Care Ratings

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?