Yes Bank and Aadhar Housing Finance sign co-lending partnership

With this partnership, both the entities aim to provide convenient home finance solutions to customers, such as home loans for salaried employees, loans for purchase and construction of a plot of land, home improvement loans, loans against residential commercial property, balance transfer and Top up, etc. From low and middle income group.

“Home loan penetration in India is relatively low compared to most developed economies in the world. This provides lenders with an opportunity to bridge this gap with our product offering. We are delighted to partner with Aadhar Housing Finance to enable many To offer affordable home finance solutions that will benefit the low and middle income group people at large by helping them fulfill their dream of owning a home.Given our vast network of banking relationships, we aim to To meet the financial needs of customers across a wide socio-economic spectrum in line with the government’s vision of promoting inclusive growth,” said Lavesh Sardana, Country Head – Retail Assets, Yes Bank.

The partnership is in line with the Reserve Bank of India’s (RBI) co-lending framework that enables banks and non-banking companies to jointly bring about financial solutions that address the needs of underserved and underserved sections of society.

“Yes Bank’s wide market reach and confidence, together with our own network and digital, state-of-the-art IT infrastructure, enhanced controls, underwriting functions and enhanced customer reach and delivery capability, will help provide efficient and affordable housing. Loan solutions to a wide range of customers across geographies, socio-economic groups and yield spectrum to enable optimum growth, said Rishi Anand, CEO & MD, Aadhar Housing Finance.