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

RELATED STORY VIEW MORE

Parminder Singh Joins Realistic Realtors As CTO & COO

Tribeca Developers Appoints Dharam Mehta to Lead Their New “Tribeca Estates” Venture

Modernizing Mumbai: Rebuilding the Colonial Infrastructure

TOP STORY VIEW MORE

HC Relief to WTCA on Trademark Row

WTCA expressed gratification for the High Court of Delhi recognizing that the Bhalla Group of Companies was continuing to infringe on its world-famous brands.

09 May, 2025