MoneyWorks4Me

Edelweiss Financial Services’ arm inks pact with SBI

25 Mar 2022 Evaluate

Edelweiss Financial Services’ subsidiary-- Edelweiss Housing Finance (EHFL) has partnered with the country's largest lender State Bank of India (SBI) for co-lending towards priority sector home loans to self-employed entrepreneurs and salaried customers. This alliance will leverage the combined reach of both the partners in tier II and tier III markets to ensure timely disbursal of housing credit to customers.

Under the partnership, both the companies will share risks and rewards involved in the lending business. It aims to create a conducive lending environment for Indians to fulfil their ambition of homeownership

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.

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