Archive · 29 Sep 2025
BoB and IIFL Finance Partner for Gold Loans in India
Bank of Baroda (BoB) and IIFL Finance are teaming up to provide gold loans, mainly for people in rural areas who don't often get loans.
IIFL will handle applications and customer service, while BoB provides funding.
This collaboration aims to make it easier for small borrowers, particularly those in agriculture, to get credit.
They'll use a tech-integrated system to share data and streamline the process for customers.
The goal is to help more people access financial support.
Bank of Baroda (BoB) and IIFL Finance formed a co-lending partnership for gold loans.
The partnership targets underserved and unbanked customers in semi-urban and rural areas.
IIFL Finance will originate and service the loans, while BoB provides funding.
The partnership aims to provide credit for agricultural and related activities.
The collaboration utilizes a tech-integrated process for data sharing.
- Who
- Bank of Baroda and IIFL Finance
- What
- Entered a co-lending partnership for gold loans.
- When
- Published on September 29, 2025
- Where
- Primarily in semi-urban and rural India.
- Why
- To provide easier credit access and financial inclusion.
- Partners
- Bank of Baroda (BoB) and IIFL Finance
- Loan Type
- Gold Loans
- Target Customers
- Underserved and unbanked segments
- Focus Areas
- Semi-urban and rural India
- Purpose
- Agricultural and allied activities
- Agreement Type
- Co-lending partnership
- Date Published
- September 29, 2025