Chennai, NFAPost: Ujjivan Small Finance Bank has announced the launch of Small Commercial Vehicle Finance. As part of the Raftaar Loans product mix, the customised offerings will be available across southern and eastern regions: Karnataka, Tamil Nadu, and West-Bengal, and over time based on the demand extend to other branches and locations.
The bank has a pan- India presence with 575 branches and 475 ATMs across 244 districts, 24 states and Union Territories.
Ujjivan Small Finance Bank MD and CEO Nitin Chugh said, “Our commitment towards people, and the investment in digital first strategies has helped the bank to remain resilient. We remain cognizant of our customers’ needs and based on the demand, we decided to foray into Small Commercial Vehicle funding segment.”
“This reinforces our portfolio, and serves as an alternate mode of income generation for our aspiring mass-market customers. Going forward, we hope to see more traction in rural and semi urban areas, and as we gear up for the future, our teams are making all the necessary efforts to support and build a deeper connect,” he added.
Ujjivan Small Finance Bank has designed the Small Commercial Vehicle financing, after seeking an understanding of the complexities the mass market customers’ experience. Under the Raftaar Loans initiative, customers can meet their dreams with speed, ease and minimal documentation.