HDFC get way of mortgage allocation via IndusInd Bank

HDFC has decided to try a new route to increase its distribution of home loans. The bank is allying with other banks to sell home loans for it. In this regard, the lender has signed a MoU with private sector lender, IndusInd Bank. HDFC would be utilizing the 300 branch count of IndusInd Bank to […]

Private Banks eye distribution method for retail loans

New private banks are contemplating forays into the secured retail loan market through distribution tie-ups, instead of launching their own products. Analysts say the low base of core deposits has forced these lenders to choose the distribution model. IndusInd Bank has signed an agreement with Housing Development Finance Corporation (HDFC) to sell HDFC home loans […]

Indian lenders see opportunity in gold loans

For Ravindra Bahandare, the source of cash to fund his textile trading firm was not a bank, but a 14-gram gold chain he pawned for Rs 20,000 ($451) at one of the thousands of gold loan offices mushrooming across India. “My business has been slack for three, four months and I wanted a quick loan […]

IDBI Bank hikes lending, deposit rates by up to 50 basic points soon

State-owned IDBI Bank today raised lending and deposit rates by up to 50 basis points soon after the Reserve Bank’s monetary policy action, a move likely to be followed by other lenders in the coming days. In response to increase in cost of funds and keeping in view the market conditions, the bank has decided […]

Gateway Funding Now Offering a FREE 1-Year Home Warranty and 1-Year Job Loss Protection

(1888PressRelease) Gateway Funding is dedicated to providing extraordinary customer service and this new protection program is another example of Gateway Funding’s desire to provide homebuyers with quality mortgage solutions. Gateway Funding has office locations throughout the United States to help you with your home buying needs. To learn more about the terms and conditions of […]