Star Housing Finance enters into Co-Lending agreement with Capital India, eyes AUM growth

24 Jan 2022 , 03:01 PM

Star Housing Finance Limited (STAR HFL) has announced that the company has entered into a co-lending partnership with Capital India Home Loans to complement its AUM growth across their shared operational geographies. The company made this well-thought decision as part of its overall transformation journey. Star HLF aims to utilize the capacity created through geographical expansion now has a network of 7 branches and 15 digital Points of Presence across Madhya Pradesh, Maharashtra, Rajasthan, Gujarat, and Tamil Nadu.

The co-lending partnership is aimed to provide housing finance assistance to EWS (Economically Weaker Section)/LIG (Low Income Group) first time home buyers looking to purchase/construct low-cost housing units in the operational geographies consisting of tier II/III towns and semi-urban locations with a maximum ticket size of Rs. 25 lakhs.

The company is glad to announce this partnership with Capital India Home Loans and looks forward to working synergistically to achieve the mutual goals that both companies have set. I am confident that both teams would cooperate and enlighten each other which would help both the organizations in their respective journeys. This partnership enables us to augment the company’s AUM growth efforts enhancing our on-book business growth. Our branch network and workforce shall be leveraged to generate business for this partnership. Our focus segment and area of operations continue to remain the same and we look forward to playing a meaningful role in realizing home-owning aspirations for EWS/LIG customers through this partnership,” said Star HFL MD, Mr. Ashish Jain speaking on the occasion.

Star Housing Finance Limited (Star HFL) is BSE listed housing finance company. The Company has been operational in the affordable housing finance space since the commencement of business operations in Sep 2009. Star HFL works with the intent to enable homeownership by providing housing finance to target EWS/LIG customers.