Sundaram Finance’s JV - Sundaram BNP Paribas Home Finance, a city-based housing loan company has hiked its prime lending rate (PLR) by 25 basis points from next month onwards, owing to tight liquidity conditions and increased borrowing costs. The rate of interest on all variable rate loans of all existing customers will go up by 0.25%.
Sundaram BNP Paribas Home Finance is a 50.1-49.9 percent joint venture (JV) between Sundaram Finance and BNP Paribas. The housing loan company’s loan book size stands over Rs.6,000 crore.
Sundaram Finance is one of the oldest and largest providers of finance for the acquisition of commercial vehicles of all makes. The commercial vehicle finance provided by it helps the small operators to acquire vehicles with minimum hassle and documentation.
Company Name | CMP |
---|---|
Bajaj Finance | 7207.30 |
Shriram Finance | 2804.50 |
Aditya Birla Capital | 242.85 |
SBI Cards AndPayment | 732.75 |
L&T Finance | 183.65 |
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