Home Credit to expand network in Hyderabad
Home Credit India, a non-banking finance company (NBFC), on Thursday announced plans to expand its sales network in the city.
Hyderabad: Home Credit India, a non-banking finance company (NBFC), on Thursday announced plans to expand its sales network in the city. The NBFC claimed that it captured 60 per cent market share in the city in the consumer durable loans category of Rs 0-10,000 during the second quarter of the current financial year, citing a report from CRIF, a financial analyst firm.
“Hyderabad is an important and vibrant market for Home Credit in India. We launched our operations in the city in 2014 and in a very short span of time, already have over 250 points of sale (PoS). We are looking forward to expand the network further to 400 PoSs by end of the year,” Tomas Hrdlicka, Chief Marketing Officer, Home Credit India Private Limited, told the media here.
He attributed the company’s impressive performance in Hyderabad to its speedy and hassle-free loan disbursal process. “The company’s offerings primarily consist of providing in-store financing to qualified customers looking to purchase consumer durable goods such as mobile phones, home appliances, laptops, tablets, electronic goods and two-wheelers,” he said.
