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Bloomberg Quint

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Image Credit: Bloomberg Quint

Sundaram Home Finance Forays Into Andhra Pradesh Market; Eyes Rs 75 Crore Disbursement

  • Sundaram Home Finance, a subsidiary of Sundaram Finance Ltd., has entered the Andhra Pradesh market and has inaugurated five branches in Guntur, Tirupati, Nellore, Eluru, and Vijayawada.
  • Under the emerging business segment, the company aims to achieve disbursements of around Rs 75 crore.
  • Sundaram Home Finance offers small business loans of up to Rs 20 lakh and affordable housing finance, providing home loans of up to Rs 35 lakh.
  • The company plans to open 12 branches in Andhra Pradesh over the next 12 months and aims to more than double its branch network in the state.

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