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Home Credit India Retains first Position in Small Ticket Consumer Durable Loans

ANI | Updated: Dec 21, 2018 19:30 IST

New Delhi (India), Dec 21, (Newsvoir): Home Credit, one of the fastest growing NBFCs in India that has completed six years of successful operations in the country, has retained its number #1 position in small ticket size loans and has sustained this position for two consecutive years.
During the period July-September 2018, Home Credit India reported an impressive 53.20% of market share in the category of consumer durable loans of upto Rs. 10,000 and 35.22% of market share in the category of consumer durable loans of upto Rs. 15,000 besides increasing its Pan-India market share to 19%, according to CRIF, a global company specializing in credit bureau, business information, analytics, decisioning and software solutions.
According to Martin Navratil, Chief Business Development Officer, Home Credit India; "Over the last six years of our India journey, it has been our endeavour to drive credit penetration by offering simple, transparent and accessible financial solutions. Our core business is consumer finance lending - largely in the form of in-store financing to qualified, mass market retail customers, who are often first-time borrowers. We have a track record of successful new market entry, underwriting capability with disciplined risk management and customer focus. The encouraging report from CRIF shows that we are on the right track in our efforts to be a lender of choice."
With a strategic focus to serve customers with little to no credit record and connect them with the regulated financial sector, Home Credit continues to deliver superior sustainable value to its customers.
CRIF provides advanced solutions to decision-makers in the banking, financial, insurance, telecommunications, utilities and business world, listens and understands to the business requirements which makes each company unique and different. (Newsvoir)