Cholamandalam Investment & Finance Company (Chola) has launched the three new business divisions in the Consumer and SME eco-system namely Consumer & Small Enterprise Loan (CSEL), Secured Business & Personal Loan (SBPL) and SME Loan (SME), while consolidating its position as a leading player in the Vehicle Finance, Loan against Property, and Housing Finance businesses.
CSEL will focus on the Personal & Professional Loans, Micro & Small Enterprise Loans segments through traditional, direct to customer and digital partnership channels. The SBPL vertical will offer loans to self-employed non-professionals, through traditional channels. These loans will enable small businesses like traders and service providers to meet their funding requirements for day-to-day operation and business improvements. These loans will create a positive impact in the lives of millions of informal micro-enterprise customers in India. SME will focus on the Term loan and working capital Finance, Equipment Finance and Supply Chain Finance businesses through traditional and digital partnership channels.
Cholamandalam Investment and Finance Company 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.
