NEW DELHI: India Mortgage Guarantee Corporation (IMGC) signed an MOU with State Bank of India to offer mortgage backed home loans on Monday.“This tie-up will enable us to improve housing loan volumes in non-salaried segment,” said PK Gupta, MD (Retail & Digital Banking), SBI.
The company will offer the said home loan to non-salaried and self-employed customers.
"Taking such loans will also allow the customers to increase their eligibility by up to 15% within the regulatory norms," said Mahesh Misra, CEO, IMGC.
Misra claims that the company has grown 100% in the last one year and it plans to grow by 70-80% in the next financial year.