Which bank has collaborated with IMGC for a mortgage guarantee-backed – InterviewSolution

InterviewSolution

1.	Which bank has collaborated with IMGC for a mortgage guarantee-backed home loan?
Answer» HDFC Bank collaborated with IMGC (India Mortgage Guarantee Corporation) for a mortgage guarantee-backed home loan. Mortgage guarantee is a financial product which compensates lending institutions for the losses that may occur when a home owner defaults on a mortgage loan. In 'mortgage guarantee', the risk of the home loan gets transmuted from the bank/FIs (financial institution) to the mortgage guarantee company. This collaboration will help HDFC provide more loan to a home loan customer on an improved eligibility. The main objective of the collaboration is to address middle age-salaried customers, self employed customers and young salaried customers.

Discussion

No Comment Found

Related InterviewSolutions

Which bank became India's most-valued Public Sector Unit (PSU) in terms of market valuation?
Mastercard creates credit card with __________ scanner.
Which Indian bank has won the 2017 Golden Peacock Innovative Product/Service Award (GPIPSA)?
Japan's SoftBank invested this much of amount in digital payments platform Paytm.
Which bank tie-up with Catholic Syrian Bank to distribute its individual life insurance products to the private lender's customers?
Which bank tie-up with Paisa bazzar.com to make the process of availing a loan easy and act as a one-stop financial solution provider for all retail lending needs of the customer?
The Reserve Bank of India (RBI) proposed a set of regulations regarding mergers and acquisitions (M&A). The proposed regulations will be brought under the FEMA rules of
Which bank has tied up with Cashkaro.com to launch card-linked offers as part of its loyalty programme for both offline and online shoppers?
16 The Reserve Bank will soon put into circulation Rs. 5 coins to celebrate 150th anniversary of ___________.
FATCA stands for __________.