Sundaram Home Finance to expand to Telangana in emerging business segment

Sundaram Home Finance plans to double its disbursements in the Emerging Business segment, covering small shops and businesses and affordable housing, to more than ₹400 crore in a year.

A press release from the company said the Emerging Business (EB) comprises of loans up to ₹20 lakh to small shops and businesses and affordable housing finance where the company provides loans of up to ₹35 lakh.

With 40 branches in Tamil Nadu to cater to this segment, Sundaram Home Finance recently opened five branches in Andhra Pradesh and will venture into Telangana soon.

D. Lakshminarayanan, Managing Director of Sundaram Home Finance said in a press release, “We believe that the EB segment has solid potential to grow. We have crossed the ₹200-crore mark in disbursements in the EB segment and are confident of doubling this in the next 12 months.”

Sundaram Home Finance registered overall disbursements of ₹1,692 crore for the third quarter ended December 31, 2024, a growth of 35%.