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IMGC has entered into a partnership with Bajaj Housing Finance Ltd to improve access to home loans for underserved and first-time buyers in India. The collaboration focuses on borrowers with informal income profiles or limited credit histories, who often face challenges in securing housing finance. By combining IMGC’s mortgage guarantee expertise with BHFL’s lending network, the initiative aims to address the credit gap in the affordable housing segment. The partnership will also strengthen risk-managed lending while expanding offerings such as Sambhav Loans, designed for customers outside the formal income bracket.
IMGC has partnered with Bajaj Housing Finance Ltd to expand access to home loans for underserved and first-time homebuyers across the country. The move is aimed at improving the reach of formal housing finance, especially among borrowers who are often excluded due to limited credit histories or informal income sources. Advertisement
The collaboration brings together IMGC’s experience in credit risk protection and BHFL’s strong distribution network and last-mile lending capabilities. According to a joint statement issued in the past week, this combination is expected to help extend housing finance to segments that remain outside the traditional lending system.
India’s affordable housing segment continues to face a significant credit gap. Self-employed individuals and those working in the informal sector often struggle to access home loans due to a lack of documented income or formal financial records. This has limited their ability to participate in the formal housing market despite steady earning capacity.
Under the partnership, BHFL will use mortgage guarantee-backed solutions to expand its lending reach. This includes scaling its Sambhav Loans offering, which is designed for customers with informal income profiles or limited credit history. The approach will allow the lender to increase loan approvals while maintaining risk discipline, which remains a key aspect of responsible lending.
The tie-up also enables IMGC to strengthen its presence in the affordable housing segment. By supporting lenders in managing credit risks, the company aims to contribute to a more inclusive housing finance ecosystem and address the existing housing credit gap.
In recent years, mortgage guarantee products have gained importance as lenders look to balance growth with risk management. Such partnerships are seen as a way to improve credit flow without compromising on underwriting standards, particularly in segments where traditional assessment methods may not fully capture borrower potential.
Source PTI
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