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.