Star Housing Finance Inks Co-Lending Partnership with Tata Capital Housing Finance Ltd.
Mumbai (Maharashtra) [India], March 22: Star Housing Finance Ltd (Star HFL. BSE: 539017), a retail-focused semi-urban / rural housing finance company, has entered into a co-lending partnership with Tata Capital Housing Finance Limited (TCHFL). The partnership aims to leverage the domain of Star HFL in low-ticket affordable housing finance space and the mutual synergies arising [...]
Mumbai (Maharashtra) [India], March 22: Star Housing Finance Ltd (Star HFL. BSE: 539017), a retail-focused semi-urban / rural housing finance company, has entered into a co-lending partnership with Tata Capital Housing Finance Limited (TCHFL). The partnership aims to leverage the domain of Star HFL in low-ticket affordable housing finance space and the mutual synergies arising out of operations. This agreement is expected to bolster Star HFL’s AUM growth journey. Star HFL has transitioned to a professionally run housing finance company governed by a strong and independent board. With a strong risk and governance framework, the Company has expanded to become a multi-state operational company present in semi-urban / rural micro markets. Star HFL branch network across Maharashtra, Madhya Pradesh, Gujarat, Rajasthan, NCR and Tamil Nadu would be utilized in this partnership to provide housing finance assistance predominantly to home buyers in economically weaker section (EWS) and low-income group (LIG) segment.
Speaking on the occasion, Mr. Kalpesh Dave, CEO of Star HFL, said, “We value this partnership with Tata Capital Housing Finance Limited. This partnership validates our journey and continued focus on creating a quality loan book. We are happy that Tata Capital Housing Finance Limited trusted and validated our domain and capabilities to build a retail low-ticket home loan book. We aim to service 5000 families in our operational geographies in the first phase of 6-8 operational quarters and look forward to a long and mutually beneficial association”.