23-Apr-2024Today's Market Indicators


Home Credit India and Karur Vysya Bank partner for joint lending
(13:42, 17 Oct 2019)
Home Credit India (HCIN), a local arm of the internationalconsumer finance provider with operations spanning over Europe and Asia, and committed todrive financial inclusion in India has for the first time tied-up with Karur Vysya Bank (KVB) forjoint lending. The recent RBI guidelines has led the industry to explore partnership avenues inthe new framework with the aim to reach out to the large unbanked customer base.

With the objective of empowering customers, HCIN is committed towards driving creditpenetration and broadening financial inclusion through responsible lending in the country.Keeping in mind the convenience of the customer, under this first of its kind agreement, HomeCredit and KVB will disburse the loan as a single amount to the customer. The uniqueness ofthis partnership is in the end-to-end automated processing by which the customer gets real-timeapproval and disbursement.

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