Typically, secured loans, like Home Loans and Loan Against Property (LAP) contributed 13%-15% of disbursals through Paisabazaar till last financial year.
Both Home Loans and LAP have a massive market, with disbursals at around INR 14 lakh crore on an annualised basis, according to Paisabazaar's internal estimates.
Naveen Kukreja, Co-founder & CEO, Paisabazaar, said, "The overall macros for India's consumer credit market remain strong and conducive for long-term growth. For us as a business, while unsecured paisabazaar credit would continue to be the backbone of our growth, we also recognise a big opportunity to go deeper and scale secured loans, especially home loans. Since home loans as a category is largely offline and last-miledriven, our focus is largely on building our distribution and fulfilment capabilities.
Our strong brand and large scale would also be key drivers for us in strengthening the secured business." Paisabazaar, currently, is focussing on Delhi NCR, Mumbai and Bengaluru, which together form over 30% of the total home loans market, according to its estimates. It is strengthening its FoS teams to build a strong offline presence in these three cities.
Sahil Arora, Chief Business Officer, Secured Loans, said, "We are setting up our presCONTINUED FROM PAGE 1 Leading earthing products Uprotec's engineering team conducted a comprehensive site assessment and developed a solution tailored to the client's unique needs.
By installing Uprotec's best earthing products, the facility received a robust, corrosion-resistant grounding system capable of handling high fault currents. The addition of ESE Lightning Arresters further enhanced protection against lightning strikes, safeguarding the facility's sensitive equipment.
Diese Geschichte stammt aus der September 26, 2024-Ausgabe von The Business Guardian.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der September 26, 2024-Ausgabe von The Business Guardian.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Balewadi Real Estate Soars: Kunal Group's canary residency breaks sales records
The newly launched tower at The Canary Residency is an epitome of luxury residential living, featuring spacious 3 and 4 BHK apartments within a 30-storey high-rise.
Delhi Police arrest mastermind of GTB Hospital murder case
The Delhi Police Crime Branch has successfully apprehended a key figure involved in the notorious GTB Hospital Murder Case, marking a significant development in an ongoing investigation.
Two chain snatchers nabbed by Police in anti-roberry operation
Additional teams from nearby police stations were promptly notified. The team of special cell of the Delhi police suspected the bikers and started chasing them.
Step into the magical world of Nav Rasas with Shalini Modi's Rasas in Divine Relationships
The grand launch event for Shalini Modi's \"Rasas in Divine Relationships\" took place with great excitement at the India International Centre in Delhi.
Mayor postpones standing committee election till Oct 5
The commotion began when councillors were prohibited from bringing mobile phones into the House before the election.
ED files reply to Satyendar Jain's bail plea, hearing next week
The Enforcement Directorate (ED) on Wednesday filed a reply to bail plea of former Delhi Health Minister Satyendar Jain in a money laundering case.
Police nabs four accused wanted in a case of physical and sexual assault
In a successful operation, Delhi Police arrested four accused wanted in a case of physical and sexual assault.
Minor arrested for threatening to blow up Axis Bank
In a shocking incident from Vikaspuri, a minor was arrested after threatening to blow up an Axis Bank and demanding Rs 10 lakh from the bank manager.
JIO-BP LAUNCHES 500TH EV CHARGING STATION, EXPANDS TO 5,000 POINTS IN INDIA
A nant Mukesh Ambani, Director of Reliance Industries Limited (RIL), and Murray Auchincloss, CEO of bp, jointly inaugurated Jio-bp's 500th EV charging station, part of the fuels and mobility joint venture between RIL and bp.
Karnataka's Shivakumar: KWIN city to be a holistic development
Karnataka's Deputy Chief Minister and Bengaluru Development Minister, DK Shivakumar, announced a significant initiative aimed at redefining urban living in the state.