Bank of India partners with IMGC for mortgage guarantee-backed home loans in India's affordable housing market.
Bank of India partners with India Mortgage Guarantee Corporation (IMGC) to offer mortgage guarantee-backed home loan products, targeting salaried and self-employed customers in the affordable housing segment. IMGC's guarantee will help mitigate default risks for the bank, potentially allowing them to offer more favorable loan terms. This partnership aims to increase accessibility to home ownership in India's rising affordable housing market.
April 15, 2024
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