Edelweiss Housing Finance (EHFL), a subsidiary of Edelweiss Financial Services has entered into a strategic agreement with Bank of Baroda for co-lending of home loans to self-employed entrepreneurs and salaried customers. EHFL is one of the early movers to enter into a Co-Lending arrangement with a Bank in the housing finance space.
This partnership involves sharing of risks and rewards between EHFL and Bank of Baroda and aims to create a conducive lending environment for home-loan seekers. For Edelweiss, co-lending represents an alternate model of disbursals that is asset light and creates a sound revenue model for sustainable business. For self-employed and salaried customers, co-lending provides two key benefits: Simplicity of dealing with a single entity-for their financing, and convenient access to a blended cost-effective rate of interest.
Edelweiss Financial Services is primarily engaged in the business of rendering merchant banking services. The company operates in two segments - agency business and holding company activities.
