Collaborative Lending Agreement Formed between Dhansafal and Vastu Finserve for Enhanced Credit Availability with an Inclusive Focus
Dhansafal Finserve Limited signs strategic co-lending partnership with Vastu Finserve India Private Limited
Dhansafal Finserve Limited, a BSE-listed Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India (RBI), has announced a collaborative effort with Vastu Finserve India Private Limited, a subsidiary of Vastu Housing Finance Corporation Limited. The partnership, worth INR 75 crore, will focus on providing secured MSME and business loans to customers in emerging markets across India.
This collaboration marks a significant stride in Dhansafal's mission to deepen financial inclusion and widen access to credit in underserved regions of the country.
As a transparent and inclusive credit solution provider crafted for India's evolving financial landscape, Dhansafal offers working capital loans, MSME loans, and loans against property. The company's product portfolio empowers entrepreneurs and individuals to strengthen their financial resilience and achieve their objectives. Currently, Dhansafal operates in Maharashtra, Madhya Pradesh, and Rajasthan, catering to diverse customer needs through its expanding regional presence.
Vastu Finserve India Private Limited brings its extended pan-India reach, robust technology infrastructure, and successful credit delivery record to the partnership. Leveraging its scalable operating model, digital-first approach, and in-depth data analytics capabilities, Vastu Finserve complements Dhansafal's commitment to delivering agile and customer-centric financial solutions.
Through an integrated, tech-enabled framework, both institutions will co-lend, harnessing each other's strengths in underwriting, market intelligence, and operations. The partnership's central aim is to swiftly and affordably offer credit to underserved customers, particularly in Tier 2 and Tier 3 cities, with a robust focus on responsible lending.
Dhansafal will capitalize on Vastu's credit expertise, assessing potential customers according to Vastu's underwriting policy before onboarding them.
"This collaboration reinforces our long-term vision of being a trusted and influential financial ally, fostering sustainable growth across India," said Ankur Agarwal, Managing Director of Dhansafal Finserve Limited.
Kshitij Grover, Chief Financial Officer of Vastu Finserve India Private Limited, stated, "In the vehicle and mortgage finance segments, Vastu Finserve's differentiated, tech-driven approach utilizing digital channels and data analytics enables us to deliver effortless and affordable credit solutions. We are thrilled to partner with Dhansafal under the co-origination (CLM 1 model) framework prescribed by the RBI to expand our capability to cater to a broader customer base in the mortgage segment by offering simple, quick, and affordable credit solutions to small businesses and MSMEs."
This cooperative effort underscores Dhansafal's continued dedication to innovation, transparency, and forming significant partnerships driving financial empowerment.
Founded in 2018 and headquartered in Mumbai, Vastu Finserve India Private Limited functions as a technology-led NBFC committed to bridging the credit void for under-served micro, small, and medium enterprises (MSMEs) and individual borrowers across India. The company offers a range of lending solutions, including business loans, vehicle loans, construction equipment loans, and loans against property. With a presence in 13 states and 70+ branches, Vastu Finserve is dedicated to financial inclusion, customer-driven innovation, and responsible lending.
Learn more about Dhansafal Finserve Limited at www.dhansafal.com. For corporate communications, contact [email protected].
- This strategic co-lending partnership between Dhansafal Finserve Limited and Vastu Finserve India Private Limited, worth INR 75 crore, aims to provide secured MSME and business loans using their combined resources and technology infrastructure.
- The collaboration will focus on delivering agile and customer-centric financial solutions, particularly to underserved regions and Tier 2 and Tier 3 cities, promoting financial inclusion and responsible lending.
- Vastu Finserve India Private Limited, a tech-driven NBFC, brings scalable operations, a digital-first approach, and in-depth data analytics capabilities to the partnership, enhancing Dhansafal's commitment to innovation and transparency.
- Through this partnership, both institutions will leverage technology to co-lend, harnessing each other's strengths in underwriting, market intelligence, and operations, aiming to offer credit solutions efficiently and affordably to a broader customer base in the mortgage segment.
