PNB Housing Finance to Tie-Up with Banks for Housing Loans

PNB Housing Finance is looking at forging tie-ups with some banks for co-lending in the housing loan sector and is hopeful that these partnerships will be win-win for consumers, banks and NBFCs. “We have got our policy approve

BY Realty Plus
Published - Thursday, 04 Feb, 2021

PNB Housing Finance to Tie-Up with Banks for Housing Loans

PNB Housing Finance is looking at forging tie-ups with some banks for co-lending in the housing loan sector and is hopeful that these partnerships will be win-win for consumers, banks and NBFCs. “We have got our policy approved on the co-lending and you will shortly be hearing some announcement from the company in terms of some agreement that we will enter with banks. Co-lending is a great opportunity for everyone, “for consumers, for HFCs or NBFCs which have high borrowing costs” and for a bank which may not have that where with all reach, it is good for all the three. ” Hardayal Prasad, Managing Director and CEO, PNB Housing Finance said. In November 2020, the RBI had allowed the co-lending scheme for banks under which they can co-lend with the non-banking finance companies (NBFCs), including the housing finance companies (HFCs), based on a prior agreement. Prasad said that co-lending will tremendously help consumers in bringing down the cost of loan. As the housing financier