Aadhar Housing Finance & UCO Bank Entered Into Co-Lending Partnership
News Desk, News Nation 360 : Aadhar Housing Finance Ltd. & UCO Bank have entered into a co-lending agreement to offer Home Loans at competitive interest rates. Through this partnership, the aim is to reach out to a large section of society for providing easy, convenient, and efficient home finance solutions to customers from the economically weaker, lower and middle-Income groups. Speaking on the occasion, Deo Shankar Tripathi, MD & CEO, Aadhar Housing Finance said that UCO Bank’s wide reach & trust in the market, coupled with their network and digital, state-of-the-art IT infrastructure, improved control and underwriting functions, and increasing customer reach and distribution capability; will help provide efficient and economical Home Loan solutions to a wide gamut of customers across geographies, socio-economic groups and yield spectrum, to enable optimum growth. The co-lending framework of the Reserve Bank of India provides a tool for the Banks and the non-Banks to collaborate, leverage on their respective strengths to provide an affordable solution to the unserved and underserved sections of the society. With Aadhar Housing Finance’s network of more than 300 Branches covering 12,000+ locations, UCO Bank, through this strategic partnership, aims at achieving the Co-Lending Model’s objective of improving the flow of Credit to unserved and underserved sectors of the economy by providing affordable Home Loans to economically weaker, Low and Middle-Income groups.
Report : Anustup Kundu