IMGC & Bajaj Housing: Affordable Home Loans

New Delhi, Apr 21 (PTI) Mortgage guarantee company IMGC has announced a partnership with Bajaj Housing Finance Ltd (BHFL) to expand responsible access to home loans for underserved and first-time homebuyers across India.

The collaboration combines IMGC's expertise in credit risk protection with BHFL's strong distribution and last-mile lending capabilities to extend formal housing finance to borrowers often excluded due to limited credit histories or informal income profiles, a joint statement said on Tuesday.


India's affordable housing segment continues to face a sizeable credit gap, particularly among self-employed individuals and informal workers, it said.

Through this partnership, BHFL will leverage mortgage guarantee-backed solutions to expand access to home loans - including through Sambhav Loans, its affordable housing offering designed specifically for customers with informal income profiles or limited credit history - while maintaining the risk discipline that underpins responsible lending, it said.


The partnership will also enable IMGC to deepen its presence in the affordable housing space, supporting the development of a more inclusive housing finance ecosystem and helping bridge the significant housing credit gap across India, it said.