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PNB Housing Finance on Friday said it has tied up with Yes Bank for a strategic co-lending service that will facilitate retail home loans at competitive rates. PNB Housing and Yes Bank will synergise capabilities to provide an efficient and seamless experience to existing and new retail home loan customers, PNB Housing Finance said in a regulatory filing. This strategic co-lending agreement will offer convenient and customised retail loans to homebuyers at competitive interest rates , it added. PNB Housing and Yes Bank will jointly do due diligence and co-originate the loan at an agreed ratio. PNB Housing will service the customers through the entire loan lifecycle, including sourcing, documentation and collection with an appropriate information sharing arrangement with Yes Bank, the filing said.
PNB Housing Finance and YES BANK enter into strategic co-lending partnership
Posted On: 2021-03-04 22:36:17 (Time Zone: Arizona, USA)
PNB Housing Finance and YES BANK announced today that they have entered into a strategic co-lending agreement to offer convenient and customized retail loans to homebuyers at competitive interest rates. PNB Housing and YES BANK will synergise capabilities to provide an efficient and seamless experience to existing and new retail home loan customers.
PNB Housing and YES BANK will jointly do due diligence and co-originate the loan at an agreed ratio. PNB Housing will service the customers through the entire loan lifecycle, including sourcing, documentation and collection with an appropriate information sharing arrangement with YES BANK.