Finance Our Way

Poonawalla Fincorp Limited (PFL), a non-banking financial company backed by the Cyrus Poonawalla Group, has introduced its Commercial Vehicle (CV) Secured Loan Business. The company now provides financing options for commercial vehicles, including small, light, intermediate, and heavy models. This financing applies to both new and used vehicles from all major manufacturers. This initiative is part of Poonawalla Fincorp’s strategy to strengthen its secured lending segment. By stepping into commercial vehicle financing, the company aims to support transporters and business owners who need access to credit for purchasing vehicles. Positive Market Reaction to the Launch The launch of this new financial service was well received by investors. On the day of the announcement, Poonawalla Fincorp’s stock was trading at ₹289.40, reflecting an increase of ₹8.05 or 2.86% on the NSE at 11:55 AM. The rise in share price highlights investor confidence in Poonawalla Finco rp ’s expansion strategy. Th...

When in need of substantial financial assistance, leveraging the value of your property can be a viable solution. A loan against property allows you to borrow funds by pledging your residential or commercial property as collateral. In India, several reputable financial institutions offer loan against property options, providing individuals and businesses with the means to access substantial funds. In this article, we will explore some of India's top financial institutions that offer loan against property. 1. Axis Bank Led by its Managing Director and CEO, Mr. Amitabh Chaudhry, Axis Bank is a prominent name in the Indian banking sector. The bank offers loan against property that extends to Rs. 10 crores with interest rates starting from 7.75% and a loan tenure of up to 20 years. With a wide network of branches and a reputation for excellent customer service, Axis Bank provides tailored loan solutions to meet the diverse financial needs of its customers. Also Read: A Guide To 5 Of T...