PNB

Mumbai: IIFL Home Finance Ltd. (IIFL HFL) today announced and signed an agreement with Punjab National Bank (PNB), India’s 2nd largest Public Sector Bank, for Co-lending. IIFL Home Finance Ltd. expects to grow their loan book by 25% with these associations. The loan sourcing and servicing will be managed by IIFL Home Finance and 80% of the loan will be provided by Punjab National Bank.  IIFL Home Finance Ltd. will service the customers through the entire loan cycle, from sourcing, documentation, collection to loan servicing. This association will let IIFL Home Finance to further penetrate into affordable Home Loan and Secured MSME Loan markets, and will also strengthen IIFL’s HFL’s portfolio. This…