Expressnews
Madurai, Aug 2024
L&T Finance Ltd. (LTF), one of the leading Non-Banking Financial Companies (NBFCs) in the country, has announced the grand opening of its new branch at: First Floor, SSK Complex, Kallanai Village, Thanichiyam Main Road, Vadipatty Taluk, Alanganallur, Madurai, Tamil Nadu – 625501.
This new branch marks a key milestone in L&T Finance’s growth and expansion strategy. It is a testament to the Company’s vision for meeting the evolving financial needs of rural and semi-urban households along with accessible and superior service.
The branch will initially focus on providing personalized Micro Loan Against Property to cater to their working capital and other financing needs. Additionally, the branch features rural-themed photography of real L&T Finance customers from the state of Tamil Nadu.
Speaking on the launch of this branch, Mr. Sudipta Roy, Managing Director & CEO at LTF said, “We are thrilled to announce the opening of our new branch in Madurai, which represents a major step forward in our growth strategy. This branch is designed in a way to provide exceptional flexibility and scalability, allowing us to better serve our customers and adapt to their needs. By offering our product Micro Loan Against Property, we aim to support the financial needs of the people in Madurai. With a very strong existing presence through our Joint Liability Group loan product in the region, this branch will foray our entry to provide dedicated individual loans to customers across our existing markets. We look forward to serving the people of Madurai and contributing to the local economy through this strategic expansion.
AT LTF, we are harnessing the power of advanced technology to streamline and modernize our processes. This includes implementing sophisticated digital platforms, utilizing data analytics for more informed decision-making, and integrating innovative tools that enhance efficiency and accessibility. Our commitment to embracing these technological advancements not only improves the speed and accuracy of our services but also empowers our customers with greater convenience.Through these combined efforts, we strive to set new standards in the lending industry and offer unparalleled value to our customers.”
The key features of Micro Loan Against Property offered by LTF include competitive interest rates and Loan-To-Values, no upfront charges, and minimal documentation requirements. These loans are available to both salaried and self-employed individuals.
