IndusInd Bank inks gold loan co-lending pact with Indel Money
This is the first-of-its-kind conventional gold loan co-lending partnership between a gold-loan focused NBFC and a commercial bank.
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Indel Money Partners with IndusInd Bank for India”s First Conventional Gold Loan Co-lending Partnership
Under the co-lending partnership agreement, Indel Money will originate and process gold loans based on mutually formulated credit parameters and eligibility criteria.
Read MoreIndel Money partners with IndusInd Bank for India’s first conventional gold loan co-lending partnership
The co-lending partnership will help both Indel Money and IndusInd Bank to enhance its gold loan portfolio across the country by penetrating various market segments.
Read MoreIndel Money Partners With Indusind Bank
IndusInd Bank will take into its book 80% of the gold loan generated by the co-lending arrangement while the remaining 20% will be funded by Indel Money.
Read MoreIndel Money partners with IndusInd Bank for India’s first conventional gold loan co-lending partnership
The co-lending partnership will help both Indel Money and IndusInd Bank to enhance its gold loan portfolio across the country by penetrating various market segments.
Read MoreIndel Money ties up with IndusInd Bank for gold loan co-lending partnership
IndusInd Bank will take into its book 80 per cent of the gold loans generated, while the remaining 20 per cent will be funded by Indel Money.
Read MoreIndel Money, IndusInd enter India’s first gold loan co-lending partnership
Under the co-lending partnership agreement, Indel Money will originate, and process gold loans based on mutually formulated credit parameters and eligibility criteria.
Read MoreIndel Money enters partnership with IndusInd Bank to offer gold loans at competitive rates
Under the co-lending partnership, Indel Money will originate and process gold loans based on mutually formulated credit parameters and eligibility criteria. The company will service the customers through the entire lifecycle of the loans including sourcing, documentation, collection and loan servicing.
Read MoreIndusInd Bank inks gold loan co-lending pact with Indel Money
In what could be tagged as a maiden tie-up in the gold loan space, private sector lender IndusInd Bank has entered into a co-lending partnership with Kochi-based gold loan firm Indel Money.
Read MoreIndel Money plans to raise up to Rs 150 cr via bonds
The issue includes a base issue size of up to Rs 75 crore, with an option to retain oversubscription of up to Rs 75 crore, aggregating up to Rs 150 crore, a release said.
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