Back Axis Bank enters into co-lending pact with Shriram Housing Finance through Yubi

Private sector lender Axis Bank and Shriram Housing Finance Limited (SHFL) on Thursday announced a strategic partnership under the co-lending model through the Yubi Co.Lend platform. In the partnership, both the lenders will offer secured MSME (Micro, Small and Medium Enterprises) loans and home loans to the middle and low-income segment borrowers based in rural and semi-urban regions.

The partnership will leverage the financial expertise of Axis Bank, and loan processing technology of Shriram Housing Finance Ltd to assess the credit profile of borrowers and provide them loans at competitive interest rates through a network of 123 branches of SHFL. The partnership will cater to customers who are either new to credit or untapped by larger institutions and build a secured loan book. The collaboration will leverage the tech platform, Yubi to process loans seamlessly as per the co-lending guidelines.