EMI Collection for Mahindra Rural Housing Finance Limited
CSC SPV has launched the EMI Collection for Mahindra Rural Housing Finance Limited.
Mahindra Rural Housing Finance Limited, a subsidiary of Mahindra and Mahindra Financial Services Limited, has been established to provide Home Loans primarily in rural areas. Initially VLEs can collect EMI’s for existing home loan customers under this service and in future VLE’s and customers of CSCs will be able to apply for loans.
This service on EMI collection is just the beginning, Soon there are many such Loan financing companies including Banks whose EMI collections would be enabled over https://digitalseva.csc.gov.in.
VLE‘s can earn instantly 0.80% (Inclusive Tax) of the collected EMI.
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