Home Credit India ties up with Karur Vysya Bank for joint lending

Home Credit India (HCIN), a local arm of the international consumer finance provider, has tied-up with Karur Vysya Bank (KVB) for joint lending using end-to-end automated processing which will help the customer get real-time approval and disbursement. The company said that the recent RBI guidelines had led the industry to explore partnership avenues in the new framework with the aim to reach out to the large unbanked customer base.

Under the agreement, HCIN and KVB will disburse loans in a single amount to customers. Anirban Majumder, CFO, Home Credit India, said that under this arrangement, the company would facilitate the sourcing