DCB Bank and Easy Home Finance have entered into a strategic alliance to leverage their respective strengths in affordable housing and technology. The collaboration aims to facilitate the quick disbursement of affordable home loans through the combined expertise of DCB Bank and Easy Home Finance.
Co-origination, Underwriting, and Disbursement: The partnership involves co-origination, underwriting, and disbursement activities, bringing together the capabilities of both DCB Bank and Easy Home Finance. The collaborative efforts aim to create a seamless process for new home buyers.
Expertise in Affordable Housing: DCB Bank, with its expertise in the affordable housing segment, is well-positioned to contribute to the partnership’s objective of providing accessible and affordable home loans.
Digital Home Loan Offering: Easy Home Finance, founded in 2018, specializes in offering “instant” home loans to customers across the country through digital channels. The company’s tech capabilities and digital approach align with the industry trend of leveraging technology for a more efficient and customer-friendly lending process.
Backed by Xponentia Capital Partners: Easy Home Finance is backed by Xponentia Capital Partners, adding financial support and strategic guidance to the company’s operations.
The collaboration reflects the ongoing trend in the financial industry, where traditional banks are increasingly partnering with fintech and digital players to enhance their product offerings, improve operational efficiency, and reach a broader customer base.
By joining forces, DCB Bank and Easy Home Finance aim to streamline the home loan application and approval process, making it more accessible and efficient for individuals seeking affordable housing solutions. The alliance is expected to contribute to the growth of the affordable housing finance segment in the Indian market.