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There has been a rise of co-lending in the financial space. With the Reserve Bank of India (RBI) formalising this model through guidelines in 2020, co-lending has become a strategic focus area for many financial institutions. In this article, we delve into what exactly is co-lending, and how it is changing the game.
Co-lending is a financial model where banks and Non-Banking Financial Companies (NBFCs) jointly offer quick loans to borrowers. This partnership helps banks widen their lending reach while allowing NBFCs to offer credit at competitive rates. Thus, this joint venture offers lower interest rates, quicker approvals, and improved accessibility for borrowers.
Under the RBI’s Co-lending Model (CLM), banks and NBFCs collaborate to offer loans. The process given below, is followed for disbursing the loan.
The NBFC identifies and verifies borrowers based on eligibility criteria.
Banks fund 80% of the loan, while the NBFC funds 20%.
The amount of loan is disbursed by the NBFC to the borrower.
Borrowers repay loans via the NBFC, who pay off the bank’s share.
This partnership ensures seamless loan approval, better risk management, and quicker disbursals.
Co-lending process is beneficial for lenders as well as the borrowers in the following ways:
Feature |
Co-Lending |
Traditional Loans |
Interest Rates |
Lower due to risk-sharing |
Generally higher |
Loan Approval Speed |
Faster due to NBFC involvement |
Slower due to stricter banking regulations |
Credit Eligibility |
More relaxed, suitable for a wider audience |
Strict criteria, limiting borrower access |
Loan Customisation |
High flexibility in terms & repayment |
Standardised loan structures |
Co-lending bridges the gap between old-school banking and new-age lending, offering better, faster, and cheaper access to loans.
Although FIRSTmoney is not a co-lending site, it provides an easy online lending process with great advantages:
With its instant disbursal option and borrower-friendly terms, FIRSTmoney is the perfect choice for those who need instant personal loans.
Co-lending is transforming the lending industry by making loans easier to access, more affordable, and quicker to process. It is fast becoming a preferred model in sectors such as affordable housing, MSME finance, personal loans, and consumer durables. By using the strengths of NBFCs and banks, it offers a win-win situation for both lenders and borrowers. As digital lending expands further, co-lending will remain pivotal in expanding financial institutions.
The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.
The features, benefits and offers mentioned in the article are applicable as on the day of publication of this blog and is subject to change without notice. The contents herein are also subject to other product specific terms and conditions and any third party terms and conditions, as applicable. Please refer our website www.idfcfirstbank.com for latest updates.