Home Credit completes Rs 41.3 cr 2-wheeler loan securitisation

Home Credit India Finance, an NBFC, today said it has concluded two-wheeler loan securitisation transaction and raised Rs 41.3 crore.

The issue has been subscribed by DCB Bank and IFMR Capital, Home Credit India Finance said in a statement.

As part of the transaction, the special purpose vehicle issued two tranches of pass through certificates which were subscribed by DCB Bank and IFMR Capital, it said.

Loan securitisation is a process in which the underlying pool of assets are structured or packaged and sold as financial instruments to investor either directly or through a special purpose vehicle.