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Tag: L&T Finance

  • A New Era in Co-Lending: L&T Finance and CRED Join Hands to Offer Unsecured Personal Loans

    A renowned non-banking finance company (NBFC), L&T Finance, has just announced its strategic push into the co-lending industry. This foray is being made possible by a significant partnership with the technology powerhouse CRED.

    With the help of this partnership, L&T Finance will be able to expand its operations into the realm of digital lending by providing CRED members with the opportunity to get unsecured personal loans.

    The CRED Cash product, which is being enabled by L&T Finance in cooperation with Newtap Finance Private Ltd., will now provide members of CRED with access to credit, as stated in the official statement.

    A speedy access to credit is promised by the new arrangement, which will enable members to obtain loans in a matter of minutes. Additionally, the new arrangement will provide members with flexible repayment terms and competitive interest rates.

    Sudipta Roy, the Managing Director and Chief Executive Officer of L&T Finance, expressed his excitement about the company’s entry into the co-lending industry by saying, “We are excited to announce our partnership with CRED.”

    This affiliation represents LTF’s entry into the co-lending area, which will harness the power of LTF’s considerable experience in the financial services industry, CRED’s large wealthy client base and excellent reputation for trustworthiness, and NewTap’s competence in digital lending and risk assessment. This association will mark LTF’s introduction into the co-lending field.

    The Partnership and Its Future

    L&T Finance is currently going through a period of tremendous expansion, which coincides with the formation of this collaboration. The loan book of the company experienced year-on-year growth of 11 per cent, eventually reaching INR 6,667 crores in the first quarter of fiscal year 25.

    The total disbursements for the quarter amounted to INR 1,178 crores. It is anticipated that the Personal Loans business at L&T Finance will continue on its upward trajectory, which will be driven by strategic alliances, development into new geographical areas, and initiatives to retain customers.

    Within the field of co-lending, this relationship between L&T Finance and CRED is well-positioned to establish a new standard of excellence. This platform will provide A sophisticated audience with a simplified and customer-focused loan experience.

    Regarding the future of the partnership, Roy stated further that L&T believes that this partnership will further enhance the company’s presence in the digital lending space with a focus on customer experience.

    Additionally, the firm thinks that this partnership will provide CRED’s customers with loans in a couple of minutes with flexible repayment tenures, at competitive interest rates, thereby providing customers with a borrowing experience that is both unique and seamless.

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  • 6 Leading Finance Companies in India

    India’s financial sector is diverse and rapidly evolving. Numerous companies offer a variety of services for all your monetary needs. It is important to learn about the solutions provided by some of the leading finance companies in India. Understanding the key players in this sector can help you make informed decisions. When deciding where to bank, invest, or borrow, consider the following list:

    ICICI Bank

    ICICI Bank is one of India’s leading private-sector banks. It has established a strong presence in retail and corporate banking. Founded in 1994, it has grown to offer a diverse range of financial products and services. It provides products like savings accounts, home loans, credit cards, and so on. You can also opt for investment options like mutual funds and fixed deposits.

    Furthermore, you can get health and life insurance policies through its subsidiaries. Check ICICI Lombard for general insurance, including car, two-wheeler, and health insurance. Meanwhile, you can get life insurance via ICICI Prudential Life.

    ICICI Bank also caters to the needs of businesses. It offers services such as corporate banking, trade finance, and treasury solutions. Renowned for its technological advancements, the bank offers exceptional customer service. It has an extensive network of branches and ATMs across the country. Its ICICI Mobile Pay App offers seamless banking services on your phone. This helps make banking much more convenient for you.

    Muthoot Finance

    Muthoot Finance is one of the largest gold financing companies in India. Established in 1997, it primarily focuses on providing loans against gold jewellery. This caters to a large customer base across urban and rural areas.

    Apart from gold loans, Muthoot Finance offers other financial solutions as well. These include personal loans, housing finance, insurance services, NPS, and more. The company’s vast branch network and quick loan disbursements make it an ideal choice. Its customer-centric approach has made it a trusted name in the sector.

    Bajaj Finserv

    Bajaj Finserv is a financial services arm of the Bajaj Group, providing a wide range of financial products and services. Established in 2007, it has quickly grown to become a major player in the Indian financial market.

    Bajaj Finserv offers consumer finance, SME finance, commercial lending, and wealth management services. Its product portfolio includes personal loans, home loans, business loans, and credit cards. The company also offers investment options like fixed deposits and mutual funds.

    Innovative services like the flexi loan facility make Bajaj Finserv a favourable choice. Its strong digital presence and commitment to customer satisfaction are major advantages.

    L&T Finance

    L&T Finance, a subsidiary of Larsen & Toubro Limited, was established in 1994. It offers a comprehensive range of retail, corporate, and rural finance solutions.

    It provides a variety of loans and other credit facilities. These include farm equipment finance, two-wheeler loans, home loans, and microfinance. It also offers investment and wealth management services, mutual funds, and insurance products.

    The company’s diversified offerings and significant rural presence contribute to its success. Also, its focus on infrastructure and real estate finance makes it a preferred choice.

    SBI Cards and Payment Services Limited

    SBI Cards and Payment Services Limited is a subsidiary of the State Bank of India. It is a leading credit card issuer in India. Established in 1998, it offers a wide range of credit cards to cater to the diverse needs of consumers.

    The company offers various credit cards tailored to different customer segments. These include lifestyle, shopping, travel, and rewards cards. It also provides services such as card loans, EMI conversions, and balance transfers.

    Its vast customer base, backed by the trust and reach of its parent company is a major strength. Its wide range of card offerings and robust services enhance its market position.

    Shriram Finance

    Shriram Finance, part of the Shriram Group, is a prominent player in the Indian NBFC sector. Established in 1979, it focuses on providing services to the underserved and unbanked.

    The NBFC offers a wide array of products ranging from personal loans to FDs. You can also get a commercial vehicle loan, gold loan, and more. The company also provides insurance services and small enterprise loans. These help cater to the diverse needs of its customers.

    Its strong customer relationships and extensive rural outreach are some of its strengths. The company’s risk management practices have made it a trusted name in the industry.

    These finance companies play a pivotal role in the country’s financial ecosystem. Each company offers a unique set of products and services and caters to the varied needs of individual and corporate customers. Whether it’s loans, insurance, credit cards, or investment options, you can get them easily.

    You can also find the financial solutions offered by all these companies on a single website. Financial marketplaces like Bajaj Markets are a great way to check and compare these. Simply visit the website, in this case, https://www.bajajfinservmarkets.in/. Explore and choose the financial products to suit individual needs. You can also access premium, EMI, and many such calculators. This will help you make wise decisions and plan your finances better.

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    StartupTalkyRia Sahni