MoneyWorks4Me

IIFL Finance’s arm enters into sourcing and servicing arrangement with ICICI Bank

19 Dec 2020 Evaluate

IIFL Finance’s material wholly owned subsidiary company IIFL Home Finance and ICICI Bank have entered into a sourcing and servicing arrangement to partner in extending credit to the affordable housing loans & MSME loans (loan against property).

Under this partnership, the Company will originate and service the customers through the entire loan life-cycle including sourcing, documentation, collection and loan servicing and in turn ICICI Bank will provide funding to these customers.

IIFL Finance is an Indian diversified financial services company.

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