Retail Finance

Introduction

Retail Finance group distributes the personal and institutional loans of various institutions to meet requirements of Personal loans.

The services offered are

Personal loan

• Loan for salaried, Self-Employed and Professionals

• Special scheme for switching of existing loan at lower rate of interest and also for additional loan

• Switch your outstanding on credit card and reduce cost

• Minimum documentation

• Customer friendly processes

• Doorstep services

• Higher loan to income ratio resulting in higher eligibility of loan

• Special scheme and fast approval in case you already have a home loan/ car loan

• Attractive interest rate and low processing fees

• Loans upto Rs. 15 lacs*

• Longer repayment term resulting in lower EMI

Institutional loan festival

What a Finfest looks like

• A two to three day loan - cum - investment mela for the employees, organised at the unit

• Products featured (with live demo at venue)

   - Cars new and old

   - Personal loans

   - Home loans

   - Loans against securities

• Investment and insurance products from the Aditya Birla Group

• Cultural and social activities like fancy dress competition etc. for greater participation

Benefits to the employee

• Convenience of getting a packaged deal with low rates at the doorstep of the customers

• The best prices possible for each and every product (pre-negotiated with manufacturers and dealers)

• Lowest rates possible for finance

• Fast and hassle free finance

• Wide range of products to choose from

• Convenient and easy monthly installments

Benefits to Corporate

• A very good HRD exercise, improving the benefits offered by the corporate to its employees

   -  Opportunity to improve employee goodwill through increased convenience and best rates

   -  Increase in employee interaction through cultural events and an ideal platform for the employees' families to meet

• Reduction in own exposure towards loans to employees

• Exposure to all the group finance options at one place, including investment, insurance and loans

• Level of safety maintained by a careful check on over-borrowing by linking the loan amount the repayment capacity

What we need

• A letter of undertaking for salary deductions

• Space for the finance festival to be organised

• Verification of the employees