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Navi & Piramal Finance ink co-lending partnership

November 16, 2022

Navi & Piramal Finance ink co-lending partnership
Sachin Bansal led Navi Group, a technology-driven financial products and services company has announced a partnership with Piramal Finance to offer ‘Digital Personal Loan’ to customers across Bharat.

Under this partnership, borrowers can avail personal loans up to Rs 20 lakhs with a tenure of up to 72 months on Navi app.

“Our partnership with Piramal Finance will give further impetus to scale our lending business with the same superior customer experience of Navi,” said Sachin Bansal, CEO and Chairman at Navi Technologies. “We have launched Navi Lending Cloud – our co-lending and direct assignment platform to give seamless digital experience to our partners.”

Under the co-lending partnership agreement, Navi will originate and process the personal loans based on mutually aligned credit parameters and eligibility criteria.

Piramal Finance will fund 80% of the loan generated by the co-lending arrangement while the remaining 20% will be funded by Navi Finserv (NBFC, wholly owned subsidiary of Navi Technologies).

“It has been our endeavor to serve customers with the most hassle-free user experience enabled by digital journeys,” said Jairam Sridharan, Managing Director, Piramal Capital & Housing Finance Ltd.

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