Aadhar Housing Finance and UCO Bank enter into partnership

Aadhar Housing Finance Ltd. Co & UCO Bank have entered in co-lending agreement to offer Home Loans at competitive interest rates. Through this collaboration, the aim the focus is to reach out at a large portion of the society for providing easy, convenient and efficient home finance solutions to clients from the economically weaker section of the society.

The co-lending framework of the RBI provides a tool for the Banks and the non-banks to partner, leverage on their strengths to provide affordable solution to the weaker sector of the society.

Deo Shankar Tripathi, MD & CEO, Aadhar Housing Finance said, “UCO Banks wide rage & trust in the market, coupled by our network and digital, state of art IT Infrastructure, improved control and increasing reach & distribution capability, will help provide efficient solutions to a wide range of customers across geographics and groups to enable optimum growth.

With Aadhar Housing Finance’s network of more than 300 branches covering 12,000 plus locations, UCO Bank through this partnership, aims to achieving co-leading model’s goal of improving flow of credit to weaker section of the economy by providing affordable home loans to economically weaker groups.