Home Credit Finance to expand operations to 40 cities by December

NEW DELHI: Home Credit India Finance, a non-bank finance company, announced today that it will expand its operations to 40 cities by the end of 2015.

“Home Credit India Finance aims to boost credit penetration by providing consumer credit to everyone. It has announced expansion plans targeting a presence in 40 cities across the country by the end of the year.” , the company said in a statement.

The company is part of Home Credit BV, an international consumer credit provider with operations in 10 countries in Europe and Asia.

It launched its operations in India in 2012 and now operates in more than 25 cities in 12 states across the country.

The company offers in-store financing (direct point-of-sale cashless loans) to qualified customers who wish to purchase durable consumer goods such as home appliances, laptops / tablets, cell phones and two-wheelers.

“We are committed to providing simple, transparent and accessible loans to previously underserved clients, in addition to guiding them on the path to financial literacy. Our goal is to become the first and most trusted choice in consumer credit. in the country, “the statement said. quoted Home Credit India CEO Pavel Maco.

The company currently operates in Delhi NCR, Jalandhar, Chandigarh, Ludhiana, Jaipur, Lucknow, Pune, Bhopal, Indore, Kanpur, Mumbai, Ahmedabad, Bengaluru, Coimbatore, Jodhpur, Hyderabad, Chennai, Kota, Jabalpur, Kochi, Agra, Nagpur, Raipur, Surat, Nashik, Mysore and Madurai.