Mumbai: Axis Bank revealed its strategic partnership under the co-lending model through the Yubi Co.Lend platform. Through this partnership, both lenders will offer new tractor loans for agricultural and allied activities to cater the financial needs of the rural segment in the country.
This partnership will use the wide customer experience of AFL and deep financial expertise of Axis Bank to enable easy credit availability for farmers at an optimal interest rate. AFL has an advantage of ready access to a robust customer base and dealers across rural and semi-urban regions (RUSU) in 18 states and it will further continue to maximize its network to ensure that farmers wholeheartedly embrace advanced farming technologies.
This partnership will also empower Axis Bank and AFL to reach out to potential customers who are unable to derive advantages of a formal lending structure. Backed by tech platform Yubi, this partnership will offer seamless processing of loans as per co-lending guidelines.
