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In 2011, as Hero Honda Motors was restructured, the company was renamed Hero FinCorp and acquired its present form. By April 2013, the company began giving two-wheelers loans to customers. In 2014, it ventured into loans against property, loans for small and medium enterprises and commercial loans. [2]
Bajaj Finance Limited (BFL) is a deposit-taking Indian non-banking financial company headquartered in Pune. [6] [7] It has a customer base of 88.11 million [8] and holds assets under management worth ₹ 354,192 crore (US$41 billion), as of June 2024.
On 20 August 2024, BharatPe announced extending its credit offerings for its merchants to secured loans. The company will now enable secured two-wheeler loans and Loans Against Mutual Funds (LAMF) through lending partners OTO Capital for two-wheeler loans and Volt Money for LAMF. [10] [11]
Revfin started as a vehicle finance provider to individuals without credit history in tier-2 and tier-3 cities. It has since expanded its operations pan-India. [11] Revfin has disbursed electric vehicle loans to over 14,000 women in Bihar and Uttar Pradesh. which was the 25.7% of their total customers. [12]
Shriram Finance is the flagship company of the Group which provides financial services such as commercial vehicle finance, passenger vehicle finance, SME finance and retail lending (personal loans, gold loans and two-wheeler loans). [7]
The company established Cars24 Financial Services as a subsidiary in 2019. [22] The company received an NBFC license from Reserve Bank of India in July 2019. [23] Cars24 Financial Services provides consumer loan facilities to car dealers and end customers in the used car segment across 50 cities in India. [22]
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CreditAccess Grameen Limited (CA Grameen) is an Indian microfinance institution, headquartered in Bengaluru, which serves customers predominantly in rural areas. [5] [6] [7] The company is engaged in providing microfinance services to women from low-income households who are enrolled as members and organized in Joint Liability Groups.