Bank of India (BoI) and India Mortgage Guarantee Corporation (IMGC) have entered into partnership to offer innovative mortgage guarantee-backed home loan products. This collaboration focuses on salaried and self-employed home loan customers in the affordable housing segment.
Leveraging IMGC's guarantee expertise and BoI's extensive network of over 5,100 branches across India, this collaboration will enable the bank to provide home loan products with greater flexibility and security to potential home owners. IMGC's guarantee will mitigate the risk of defaults for the bank, allowing them to potentially offer more favourable loan terms to borrowers.
Bank of India offers wide range of services such as Personal banking, Corporate, Rural, MSME, Retail, NRI services, Cards/ATM etc.
