This partnership with IMGC will help RBL Bank expand MG-backed home loans For new borrower segments through its network of over 500 branches across the country.
IMGC said the combined expertise will enable a compelling value proposition for its customers and help in creating a conducive credit environment for homeowners by ensuring timely disbursement of housing loans and longer tenure to the customers.
“This collaboration enables us to expand our products to a wider customer base while ensuring better risk management,” said pollen black, Business Head – Secured Business, RBL Bank. “It will also allow us to extend the tenure of the home loan and ensure affordability.”
This collaboration will also help RBL Bank to reduce credit risk by leveraging the expertise of IMGC. One of the essential benefits is double certification, as IMGC will also validate each loan before sanction, thereby ensuring high quality of portfolio for RBL Bank.
“The teams have collaborated to develop an efficient proposal,” said Mahesh Mishra, CEO, IMGC. “This will expand the product offering and also reduce risk.”
The program between IMGC and RBL Bank has been designed to meet the needs of a wide range of customers through various products.
IMGC has created a significant competitive position by guaranteeing over 85,200 home loans worth over Rs 15,400 crore through its partnerships with 23 lenders including leading banks and housing finance companies.