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PNB Housing Finance Signed a Co-lending Agreement with Yes Bank for Home Loans

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PNB Housing Finance, Yes Bank in co-lending partnershipOn 5th March 2021, PNB Housing Finance and Yes Bank signed a strategic co-lending service to provide convenient and customized retail loans to homebuyers at competitive interest rates.


To boost local expertise and assist the bank to increase their footprint in new locations.

Features of the partnership:

Both PNB housing Finance and Yes Bank will jointly do the due diligence and co-originate the loan at agreed ratio.


i.This partnership between PNB housing finance and Yes Bank will provide a range of real estate financing options to the borrowers.

ii.PNB will service the customers through the loan lifecycle including sourcing, documentation and collection with appropriate information sharing arrangement with Yes Bank.

Key Points:

i.In 2020, the RBI allowed the co-origination of housing finance companies (HFCs) with banks to enable non-banking finance companies and other banking institutions to provide mutually beneficial risk assessment services.

ii.In November 2020, the revised co-lending model was introduced, this provides flexibility to the lenders and offers higher credit for the unserved and underserved people.

Recent Related News:

On June 18, 2020 ICICI Home Finance Company Limited(HFC) launched SARAL, a special affordable housing loan scheme to finance homes in urban and rural areas. The beneficiaries are women, lower, middle income customers and economically weaker sections, with a maximum household income up to Rs 6 lakh per annum.

About PNB Housing Finance:

Managing Director & CEO- Mr. Hardayal Prasad
Headquarters– New Delhi
Incorporated in 1988
Tagline– Ghar Ki Baat

About Yes Bank:

MD & CEO– Mr. Prashant Kumar
Headquarters- Mumbai, Maharashtra
Established in 2004
Tagline– Experience our expertise