Indel Money, a non-banking finance company (NBFC) pioneering in gold loans, has entered into a first-of-its-kind conventional gold loan co-lending partnership with IndusInd Bank.
Read MoreIn 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 MoreUnder the tie-up, IndusInd Bank will offer gold loans at competitive rates to its customers, which will be originated by Indel Money,
Read MoreWhile IndusInd Bank will take into its book 80 percent of the gold loan generated by the co-lending arrangement, the remaining 20 percent will be funded by Indel Money, Mohanan said without disclosing how much incremental growth he expects in the AUM under this agreement.
Read MoreUnder the co-lending partnership agreement, Indel Money will originate and process gold loans based on mutually formulated credit parameters and eligibility criteria.
Read MoreThe 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 MoreThe collaboration is in line with our philosophy and strategy to bring efficient and inclusive lending solution through partnership.
Read MoreIndel Money, a non-banking finance company (NBFC) pioneering in gold loans, has entered into a first-of-its-kind conventional gold loan co-lending partnership with IndusInd Bank to offer gold loans at competitive rates to a bigger and diverse segment of borrowers.
Read MoreThe 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, a non-banking finance company (NBFC) pioneering in gold loans, has entered into a first-of-its-kind conventional gold loan co-lending partnership with IndusInd Bank to offer gold loans at competitive rates to a bigger and diverse segment of borrowers.
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