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Sundaram Home Finance eyes Rs 300 crore disbursements in Rajasthan

By Business Standard - 7 months ago
Sundaram Home Finance has strengthened its presence in Rajasthan under its plan to expand in select geographies as it eyes disbursements of Rs 300 crore over the next two to three years, a top official has said. The Chennai-based company offers home loans, plot loans, home improvement and extension loans and loans against property. It had recently strengthened its presence in Western parts of the country. A new branch was inaugurated in Kota, Rajasthan, and another branch is also planned in Udaipur in the coming months, the company said in a statement on Friday. Sundaram Finance has branches in Jaipur, Ajmer and Jodhpur in the Rajasthan market and believes that there is potential to register disbursements of around Rs 300 crore in the next two-three years. "Over the last couple of years, we have strengthened our presence in South India expanding into Tier II and III towns. While we continue to penetrate deeper into remote towns in this market, we are exploring opportunities to expa

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