Building a co-lending platform-as-a-service for lenders for a better financing option. Our co-lending software offers a technology-driven solution for financial institutions seeking to expand their businesses by tapping into this credit product.
What’s in it for you?
Partner with multiple lenders now and give loans easily to your borrowers!
A fully automated and hassle-free platform integrated with multiple APIs to redefine the co-lending process for lenders.
As per the RBI on the co-lending model, banks and NBFCs can co-lend to priority sector borrowers in a way that the loan is shared between the two lenders as per a pre-agreed formula. The co-lending banks are required to maintain an appropriate level of risk participation in the loans originated through the co-lending arrangement. The NBFC shall retain a minimum of 20% share of the individual loans on their books, and the risk-sharing ratio between the bank and the NBFC shall be as per their agreement. The co-lending banks shall be required to maintain their respective portfolio in their books. The co-lending model is expected to leverage the comparative advantages of banks and NBFCs in a collaborative effort to improve the flow of credit to priority sector borrowers while leveraging the technology-driven platforms of the NBFCs.
A co-lending platform facilitates availing a loan that benefits all parties involved - borrower, larger lender, and smaller lender. Borrowers can obtain loans at a reduced & affordable rate. Larger lenders can access a broader range of borrowers, extending their reach into unserved and underserved sectors. Smaller lenders can maintain a consistent and dependable flow of cost-effective funding. Consequently, this approach promotes financial inclusivity and accelerates lending sector growth.