SCUFL targets 40% growth in disbursements

Shriram City Union Finance (SCUFL) despite the jitters in the economy is targeting 40 percent growth in disbursement during the current fiscal. The company is targeting an average disbursal of Rs 1,000 crore per month during the current fiscal compared to average disbursal of close to Rs 600 crore a month in 2010-11.

SCUFL finds that there will be no major impact on its disbursement on their targeted segment of businesses like gold loan, second-hand auto loans and finance to small and medium enterprises. Moreover, the company is targeting Tier-II and Tier-III cities and clients with difficulty in getting credit.

Shriram City Union Finance, part of Chennai-based Shriram group, has a comprehensive range of financing two wheelers, three wheelers, four wheeler finance, personal loans and loan against gold. With over 1000 business outlets across the country, the company enjoys a high credit rating.