As India’s digital economy grows, IDFC Bank has emerged as a key player in transforming the loan industry through co-lending partnerships. By joining hands with NBFCs, LSPs, and fintech startups, the bank is offering smarter lending solutions with wider reach.
What is Co-lending?
Co-lending refers to a strategic partnership between a bank and an NBFC where both fund a single loan. IDFC Bank, for instance, covers 80% of the loan amount while the NBFC handles 20%. This helps reduce capital risk while improving access to credit for underserved segments.
The Role of Fintech
Fintech platforms streamline the application process using automated KYC, e-signatures, and instant credit scoring. The result? Faster personal loan approvals with better interest rates and flexible tenures.
LSPs Making It Seamless
Loan Service Providers (LSPs) act as the customer-facing layer, ensuring a smooth onboarding experience. Whether it’s through a mobile app or a website, LSPs ensure transparent terms, EMI calculators, and document uploads — all within a few clicks.
Personalised CRM = Better Borrowing Experience
Using Personalised CRM Solutions, banks like IDFC can track borrower behavior, recommend tailored loan products, and send repayment reminders. This not only improves the borrower experience but also reduces defaults.