RBL Bank partners with IMGC for mortgage guarantee backed home loans

This partnership with IMGC will help RBL Bank extend mortgage guarantee-backed home loans to new borrower segments through the bank’s network of over 500 branches across the country, IMGC said in a statement. 
 
The alliance would enable a compelling value proposition for its customers and help create a conducive lending environment for early home ownership by ensuring timely disbursal of housing credit and longer tenure to customers, it said. 
 
The tie-up has been designed in a manner to address the needs of a wide range of customers through varied products, it said. 
 
Private player IMGC provides mortgage guarantees to lenders for home loans. It has provided guarantees to more than 85,200 home loans amounting to more than ₹15,400 crores through its partnership with 23 lenders, including banks and housing finance companies.