Piramal Capital and Housing Finance Limited and Central Bank of India have announced on Friday a strategic partnership to expand their co-lending business.
The collaboration will provide loans to middle and low-income borrowers, focusing on middle and low-income segment borrowers with focus on rural and semi-urban regions, Piramal Finance said in a press note.
Combining the Central Bank of India’s financial expertise and broad branch network with Piramal Finance’s technology-driven ‘High Tech + High Touch’ approach, this partnership will provide attractive interest rates and personalized credit solutions to individuals new to credit or overlooked by major financial institutions, focusing on creating a diverse range of loan products.
“Together, our goal is to enhance access to formal credit, drive growth, and support the aspirations of customers throughout Bharat.” said Jairam Sridharan, Managing Director, Piramal Capital & Housing Finance Ltd.
The collaboration between Central Bank of India and Piramal Finance aims to bridge the credit gap for MSMEs and home loan borrowers, employing strong customer outreach strategies and detailed credit evaluation tools.
