News
Piramal Retail Finance expands Its offerings
Piramal Retail Finance, a business entity under Piramal Capital and Housing Finance Ltd. (PCHFL), a subsidiary of Piramal Enterprises Limited, on April 15 announced the launch of its expanded multi-product retail financing platform.
Focused on small and mid-town India (the ‘Bharat’ markets), the company offers new and expanding product offerings to meet various financing needs of Bharat customers. Over the last quarter, Piramal has launched Digital Purchase Finance and Used-Car financing solutions.
Further powering this expansion, Piramal is entering into partnerships with various participants in the tech ecosystem, servicing customer needs in these geographies.
By Q4 of FY21, Piramal has gone live with two fintech partnerships – one each in the space of purchase finance by partnering with ZestMoney and used car financing under partnership with Cars24. With a ‘Digital at its Core’ strategy, the Piramal platform offers a quick and easy way for consumer tech companies to offer financing solutions to their customers, at scale, said a press release.
With the latest product launches, Piramal Retail now offers seven products in its target markets – affordable housing loans, mass affluent housing loans, loans against property, secured small business loans, purchase finance, unsecured loans, and used car loans.
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