InvestorQ : Why has LIC Housing Finance tied up with Indian Post Bank?
rhea Babu made post

Why has LIC Housing Finance tied up with Indian Post Bank?

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Riya Dwivedi answered.
3 months ago
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There has been a strategic partnership between the India Post Payments Bank and home finance company, LIC Housing Finance. The idea is to offer the home loan products of LIC Housing Finance to the 4.50 crore customers of IPPB. IPPB already has over 650 branches and 136,000 banking access points across India.

The division of work in the deal will be something like this. IPPB will be responsible for sourcing the loans, while LIC Housing will be responsible for credit underwriting, processing and disbursal of home loans. The big advantage of IPPB is its virtually unmatched last mile network and can be a great way to reach out to the rural and semi-urban Indians.

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