Adversitement
Star Housing Finance and Tata Capital Housing Finance Collaborate for Affordable Housing Lending
Published On : 2024-03-23T11:00:57+0530 [ IST ] |
Author : Mayur_Tembhare
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Star Housing Finance, specializing in housing finance for semi-urban and rural areas, has forged a strategic collaboration with Tata Capital Housing Finance to facilitate co-lending arrangements targeted at enhancing accessibility to affordable housing finance solutions.
The primary objective of this co-lending pact is to extend housing finance options to economically weaker sections (EWS) and low-income groups (LIG) at more competitive and affordable interest rates. By capitalizing on Tata Capital Housing's robust capabilities and Star Housing's extensive distribution network, the partnership aims to expand the reach of housing finance services to underserved segments of the population.
Utilizing a technology-driven co-lending approach, the collaborating entities intend to cater to customers across diverse geographies, leveraging their respective strengths in origination capabilities and borrower outreach. This strategic alignment enables them to offer differential lending propositions tailored to the unique needs and preferences of the target demographic.
In a joint statement, the CEOs of Star Housing Finance and Tata Capital Housing Finance articulated their shared commitment to driving inclusive growth and fostering homeownership aspirations among underserved communities. They emphasized the significance of this partnership in advancing financial inclusion and social empowerment by facilitating access to affordable housing finance solutions.
Kalpesh Dave, CEO of Star Housing Finance, outlined the ambitious goals of the collaboration, aiming to serve 5,000 families across operational geographies within the initial phase spanning 6-8 quarters. He underscored the partnership's role in cultivating a robust retail portfolio focused on catering to the demand for low-ticket home loans in semi-urban and rural regions.
Through this synergistic collaboration, Star Housing Finance and Tata Capital Housing Finance aspire to contribute meaningfully to the affordable housing ecosystem, empowering individuals and families to realize their dream of homeownership while fostering sustainable socio-economic development in underserved communities.
Source : Business Line
Tags : Partnership , distribution network , retail home loans , affordable housing , co-lending arrangement , Star Housing Finance , economically weaker sections (EWS) , Tata Capital Housing Finance , low-income group (LIG) ,
Summary : Star Housing Finance, focusing on semi-urban and rural housing finance, has partnered with Tata Capital Housing Finance to offer co-lending arrangements. This collaboration aims to provide housing finance to economically weaker sections (EWS) and low-income groups (LIG) at more affordable rates. Leveraging Tata Capital's strength and Star Housing's distribution network, the partnership seeks to serve customers across various geographies with differentiated origination capabilities. The CEOs of both companies expressed their commitment to reaching 5,000 families in the initial phase, emphasizing the development of a retail low-ticket home loan portfolio.
Adversitement