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Axis Bank and Shriram Housing Finance Limited (SHFL) have entered into a partnership under the co-lending model
through the Yubi Co.Lend platform. The private sector lender and the housing finance company will offer secured
MSME (Micro, Small and Medium Enterprises) loans and home loans to the middle and low-income segment
borrowers residing in rural and semi-urban regions. According to a joint statement, the partnership will utilise Axis
Bank's financial expertise and SHFL's loan processing technology to evaluate the credit profile of borrowers and
provide loans at competitive interest rates.
The co-lending model will be helpful for potential customers who are either new to credit or untapped by larger
institutions, and it will assist in building a secured loan book, the statement said. The partnership will also make use of
the tech platform, Yubi, to process loans seamlessly as per the co-lending guidelines.
The Yubi Co.Lend platform provides a digital lending infrastructure that helps lenders simplify their loan origination
and management processes. The platform has an end-to-end lending lifecycle management module that enables
lenders to make data-driven lending decisions and manage their lending portfolios effectively.
This partnership between Axis Bank and SHFL will provide access to credit to a significant segment of the population
residing in rural and semi-urban areas who may have limited access to formal credit sources. The collaboration aims to
bridge the gap in the availability of credit to the middle and low-income segment borrowers by leveraging the
expertise and strengths of both partners.
This partnership will also aid in promoting financial inclusion by extending access to formal credit to underserved
segments of the population. It will enable the middle and low-income borrowers in rural and semi-urban areas to take
advantage of Axis Bank's financial expertise and SHFL's loan processing technology to meet their financing needs.
This collaboration between Axis Bank and SHFL is a significant development in the co-lending space, which is
emerging as a popular model for lending in the Indian financial sector. The co-lending model is expected to play a
crucial role in increasing credit availability to underserved segments of the population, particularly in rural and semi-
urban areas, where credit penetration is still low.
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