Piramal Retail Finance goes into consumer loans and used cars

Piramal Retail Finance, a company of Piramal Capital and Housing Finance Ltd, a subsidiary of Piramal Enterprises Ltd., announced the expansion of its multi-product retail finance platform by entering into consumer and retail finance. second-hand cars.

It will focus on small and medium cities in India and with DHFL under the Piramal prize pool, it aims to be among the top five non-bank financial companies in five years, its CEO Jairam Sridharan said.

With the latest product launches, Piramal Retail now offers seven products in its target markets: Affordable Home Loans, Mass Home Loans, Real Estate Loans, Secured Small Business Loans, Purchase Finance, Unsecured Loans and Loans. for used cars.

“Our main target market is the low budget client of Bharat [from the 20th largest town to 1000th town in India]. For this client, housing finance remains a very important financial need, ”said Mr. Sridharan.

“However, they also have a wide variety of other needs: growing their business, buying a used car. The availability of credit for these very underserved segments has been limited. Piramal Retail Finance’s extensive multi-product platform aims to meet these diverse needs and contribute to the growth of Bharat, ”he added.

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