Bajaj and DBS Empower Homebuyers and SMEs with Financial Innovations

Bajaj Housing Finance launched 'Sambhav Home Loans' to provide affordable housing finance for first-time homebuyers. Meanwhile, DBS Bank India partnered with Receivables Exchange of India Ltd (RXIL) to introduce pre-shipment financing, supporting Indian SMEs with enhanced trade finance solutions.

Bajaj Housing Finance on Tuesday unveiled the 'Sambhav Home Loans,' targeting first-time homebuyers with the promise of affordable housing finance. These loans have a starting income norm of just Rs 10,000 per month, and loan amounts begin at Rs 10 lakh.

In another major development, DBS Bank India announced its collaboration with Receivables Exchange of India Ltd (RXIL) to launch a pre-shipment financing solution on the TReDS platform. This initiative aims to provide Indian SMEs with an innovative way to access trade finance, leveraging alternative trade lending data from RXIL.

The introduction of pre-shipment financing by DBS Bank is particularly tailored to assist MSMEs and SMEs across India, enhancing their cash flows and enabling them to fulfil orders even before goods reach their customers.