Sundaram Dwelling Finance Ltd. (SHFL) goals to disburse ₹450 crore of residence loans in Maharashtra in FY25, mentioned Managing Director D. Lakshminarayanan.
“Final yr, the corporate disbursed residence loans of ₹250 crore via its 5 branches,” Mr. Lakshminarayanan mentioned in an announcement.
Following good response to its first department in Pune, the place SHFL had disbursed over ₹100 crore in FY24, the corporate introduced the opening of its second department there.
“That is SHFL’s sixth department within the State. The brand new department will present residence loans concentrating on the mid-segment of the market, with the everyday ticket dimension being about ₹40 lakh, the wholly owned subsidiary of Sundaram Finance Ltd. mentioned.
“Whereas we’ll deal with strengthening our presence within the South market with the Tier 3 and 4 cities driving our disbursement development, we’ll proceed to discover alternatives exterior South India and as per our acknowledged intent, look to steadily broaden our presence in choose geographies in West and Central India,” he mentioned.
