Shriram City records highest-ever 2-wheeler loans of Rs 1,022 cr in November

8 months ago 165

With the expanding request for electrical vehicles (EVs), the NBFC foresees a emergence successful the mean indebtedness summons size which volition assistance successful touching caller milestones, according to a institution release.

This was the 2nd  consecutive November erstwhile   the NBFC has crossed the Rs 1,000-crore disbursement mark.This was the 2nd consecutive November erstwhile the NBFC has crossed the Rs 1,000-crore disbursement mark.

Shriram City Union Finance, the Chennai-based starring two-wheeler NBFC and portion of Shriram Group, has disbursed the highest ever loans amounting to Rs 1,022 crore to 1.6 lakh two-wheelers successful November 2021.

This was the 2nd consecutive November erstwhile the NBFC has crossed the Rs 1,000-crore disbursement mark. The charismatic financing offers during the festive play person stood retired arsenic 1 of the cardinal drivers, with an further propulsion by the summation successful radical question and betterment successful agrarian request starring to elevated disbursements. With the expanding request for electrical vehicles (EVs), the NBFC foresees a emergence successful the mean indebtedness summons size which volition assistance successful touching caller milestones, according to a institution release.

Shriram City chiefly caters to salaried and non-salaried buyers inclined towards the entry-segment two-wheelers having the highest request crossed categories. The increasing request and intuitive usage of AI-powered lending interfaces person triggered wide adoption by consumers and channels, thereby creating a web effect successful further adding volumes. Followed by their milestone of financing implicit 1 crore two-wheelers, Shriram City Union is present the largest two-wheeler financer successful India, offering app-based lending, paperless receipting, and contactless loans, it added.

Get unrecorded Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check retired latest IPO News, Best Performing IPOs, cipher your taxation by Income Tax Calculator, cognize market’s Top Gainers, Top Losers & Best Equity Funds. Like america connected Facebook and travel america connected Twitter.

Financial Express is present connected Telegram. Click present to articulation our channel and enactment updated with the latest Biz quality and updates.

Read Entire Article