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Poonawalla Fincorp Limited has formally stepped into the consumer durables loans segment, marking a significant expansion of its retail lending operations. The announcement, made on April 22, 2025, signals a focused attempt by the company to increase its footprint in a growing area of consumer credit, especially across Tier 2 and Tier 3 regions. As part of this initiative, the non-banking financial company (NBFC), backed by the Cyrus Poonawalla Group, also unveiled a digital EMI card aimed at streamlining the purchasing process for durable goods. Focusing on Digital Simplicity for Customers A core feature of the launch is the introduction of a digital EMI card with pre-approved limits. This solution enables customers to buy a wide range of consumer durable products easily at partnered dealer locations. The company stated in a stock exchange filing that this move supports convenience, speed, and a smoother borrowing experience. The card acts as a direct tool for customers to access shor...

Poonawalla Fincorp Limited has announced the launch of its Gold Loan business, marking a new chapter in its secured lending portfolio. This initiative aims to offer customers quick and transparent access to credit without the need to sell their gold. Backed by the legacy of the Cyrus Poonawalla Group, this move reinforces the company’s strategy to provide innovative financial solutions for both consumers and small businesses. A Secure and Convenient Option for Borrowers With the introduction of gold loans, Poonawalla Fincorp aims to meet a wide range of funding requirements — whether it’s for small business expansion, agricultural needs, or urgent personal expenses. What sets this offering apart is its speed and simplicity. Borrowers can expect loan approvals in less than 30 minutes, along with minimal paperwork and flexible repayment plans. This ensures that customers can unlock the value of their gold while still holding on to it, preserving long-term wealth and family assets. State...

Poonawalla Fincorp has taken a strong step toward uplifting small businesses by launching its new Shopkeeper Loan Business. This initiative is designed specifically for small retailers and kirana store owners who often face daily operational hurdles due to financial limitations. These entrepreneurs play a vital role in India’s consumer economy, and yet, their ability to grow and manage their businesses smoothly is often impacted by restricted access to organized credit systems. By launching this new offering, Poonawalla Fincorp is directly addressing key concerns such as cash flow disruptions, inventory stocking challenges, and overall customer management. These are common problems faced by small shopkeepers, especially those who operate with narrow profit margins and depend heavily on daily sales for survival. A Step Towards Financial Inclusion The Shopkeeper Loan initiative is part of the company’s broader mission to support the self-employed segment. Many small business owners in In...

  Poonawalla Fincorp Limited, a well-established non-banking finance company, has stepped into the education loan sector with an initiative designed to support students pursuing higher education abroad. With this move, the company aims to provide students and their families with easy access to financial assistance, making global education more attainable. One of the key highlights of this offering is the provision of instant loan sanction of up to Rs. 75 lakhs, which sets a new benchmark in student financing. Loan Options Tailored to Student Needs Understanding the diverse financial needs of students, Poonawalla Fincorp Limited has introduced flexible loan options. Students can avail of loans up to Rs. 1 crore without requiring any collateral, offering them an accessible way to fund their education without the stress of asset pledging. For those seeking higher loan amounts, the company is offering loans up to Rs. 3 crore against collateral. This facility ensures that a wide range ...