Punjab National Bank & Aadhar Housing Finance Ltd. have entered into a co-lending agreement to offer Home Loans at competitive interest rates. This partnership aims to reach out to a large section of society viz. economically weaker, lower, and middle-Income groups for providing easy, convenient, and efficient home finance solutions to customers.
The co-lending framework of the Reserve Bank of India provides a tool for the Banks and NBFCs/HFCs to collaborate, and leverage their respective strengths to offer an affordable solution to the unserved and underserved sections of society.
The agreement was signed in the presence of Shri. Kalyan Kumar, Shri. Binod Kumar, Shri. M. Paramasivam, Executive Directors, Shri. Sunil Kumar Chugh, Chief General Manager from Punjab National Bank and Shri Rishi Anand, Managing Director & Chief Executive Officer, Shri. DS Tripathi, Executive Vice Chairman from Aadhaar Housing Finance Ltd.