Chennai: Indel Money, a non-banking finance company (NBFC) involved in gold loans, has entered into a conventional gold loan co-lending partnership with IndusInd Bank to offer gold loans at ‘competitive rates to a bigger and diverse segment of borrowers’.
According to a press note, under the co-lending partnership agreement, Indel Money will originate and process gold loans based on mutually formulated credit parameters and eligibility criteria. The company will service the customers through the entire lifecycle of the loans including sourcing, documentation, collection and loan servicing, it added.