Home Credit India and Karur Vysya Bank partner for joint lending

Home Credit India (HCIN), a local arm of the international consumer finance provider with operations spanning over Europe and Asia, and committed to drive financial inclusion in India has for the first time tied-up with Karur Vysya Bank (KVB) for joint lending. The recent RBI guidelines has led the industry to explore partnership avenues in the 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 credit penetration 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, Home Credit and KVB will disburse the loan as a single amount to the customer. The uniqueness of this partnership is in the end-to-end automated processing by which the customer gets real-time approval and disbursement.

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