India Post Payments Bank and HDFC joined hands to offer home loans

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27-Oct-21

India Post Payments Bank (IPPB) and HDFC bank has signed a memorandum of understanding (MoU) for offering home loans to about 4.7 crore customers of the payments bank. Key Facts

IPPB, that leverages its country-wide network of 650 branches and more than 1,36,000 banking access points or Post offices, aims to make home loan products of HDFC available to its customers in India.
This partnership was signed with the aim of facilitating HDFC’s home loans in unbanked and underserved areas, where there is little or no access to finance. This in turn will help in fulfilling the dream of people of owning a home.
IPPB will offer housing loans through around 1,90,000 banking service providers like Postmen and Gramin Dak Sevaks.
Under the MoU; HDFC will be handling credit, technical & legal appraisals

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