Central Bank of India and Godrej Housing Finance Collaborate to Offer Co-Lending Home Loans

The Central Bank of India has entered into a co-lending agreement with Godrej Housing Finance Ltd. (GHFL) to jointly offer housing loans. The arrangement is part of the bank’s plan to expand its retail loan portfolio and make housing finance more accessible. The collaboration will operate under the Reserve Bank of India’s (RBI) co-lending framework.

Loan Structure and Responsibilities

Under the agreement, Godrej Housing Finance will handle the origination and processing of home loan proposals. The Central Bank of India will take up to 80% of the loans on its books, while GHFL will retain the remaining portion. Loan servicing, including account management throughout the loan period, will be carried out by Godrej Housing Finance.

Purpose of the Collaboration

The partnership is for expanding the housing loan portfolio of both organisations. It is also expected to offer customers competitive interest rates and a smoother loan process. Through this model, both lenders seek to extend their reach across more cities and regions, particularly in the affordable and middle-income housing segments.

About Godrej Housing Finance

Godrej Housing Finance Ltd, a part of the Godrej Industries Group, is registered with the National Housing Bank (NHB). The company offers home loans across multiple states and caters to various market segments, including prime, mass-market, and affordable housing. GHFL focuses on providing financing solutions for both individual buyers and developers.

The co-lending model will function under RBI’s guidelines and other applicable legal requirements. Both entities will jointly decide on the credit parameters and eligibility criteria for borrowers, ensuring that all loans meet regulatory standards.

Central Bank of India Share Price Performance

As of October 17, 2025, 11:25 AM, Central Bank of India share price was trading at ₹37.73, a 0.47% decrease from the previous closing price.

Read More: Godrej Industries Increases Stake in Godrej Capital to 91.11%; Share Price in Focus!

Conclusion

The collaboration between the Central Bank of India and Godrej Housing Finance brings together a public sector bank and a private housing finance company to jointly distribute and service home loans across India.

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