Cholamandalam Investment & Finance Company, the financial services arm of the Murugappa Group, has entered into an association with Ola, India’s leading mobile app for personal transportation to offer car loans to drivers on Ola’s platform, with an option of daily repayment scheme as against the current practice of an EMI. Through Ola’s tie up with Chola, Ola Pragati enables drivers to take loan at competitive rates and repay a part of their loan on a daily basis.
Chola has customized its services to cater better to this target group. It provides an array of benefits ranging from quick loan approval and easier documentation. With this tie up, Ola will share daily revenue and payment details of drivers on real time basis.
Cholamandalam Investment is among the top 5 NBFC’s in the country operating in vehicle finance, home equity, corporate and mortgage finance segments with subsidiaries in the broking and wealth advisory space.
Company Name | CMP |
---|---|
Bajaj Finance | 7340.75 |
Shriram Finance | 2732.05 |
Aditya Birla Capital | 239.95 |
SBI Cards AndPayment | 728.10 |
L&T Finance | 181.85 |
View more.. |