India Mortgage Guarantee Corporation (IMGC), India’s leading mortgage guarantee company, has announced its partnership with Clix Housing Finance Limited (Clix HFL) to offer innovative mortgage-backed mortgage products to salaried and non-salaried clients in the affordable housing segment.
Mortgage Backed Home Loans will expand Clix HFL’s coverage of mortgage products and customer segments, enabling more business while supporting the Government of India’s flagship mission of ‘Housing for All Here’ 2022, ”the company said in a statement.
Speaking on the merger, Gaurav Pawra, CEO of Clix Housing Finance, said: “With growing demand in the affordable housing segment, this strategic partnership would help fulfill the dreams of early home buyers. a first house and would allow Clix to improve its penetration in the Low & Mid-market segment in addition to mitigating the credit risk in the event of default.
At Clix, we are constantly working to make the loan process easier and more accessible to everyone since our inception. Through this partnership, we will be able to reach a wider range of customers, improve conversion rates and offer higher loan amounts to customers. We are truly delighted to have IMGC by our side on this journey towards building a more inclusive society, which has easy access to affordable home loans. “
Speaking on the partnership, Mahesh Misra, CEO of IMGC, said: “We are very happy to partner and work with Clix in strategically identified segments and are confident that this partnership will be extremely fruitful in the coming months. . Over the years, we have worked with our lending partners to create customer centric products. We have a defined execution roadmap with a focus on promoting financial inclusion through this partnership with Clix ”.
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