Fedfina completes transaction of Rs 149 Crore through Direct Assignment of LAP loans

Mumbai, Mar 31, 2021: Fedbank Financial Services Ltd. has completed Direct Assignment of Loan Against Property loans of Rs 149 Crore in March, 2021. Assignment came through two deals with renowned financial institutions, one being a large private sector bank and other a diversified NBFC.    

About Fedbank Financial Services

Fedbank Financial Services Ltd (Fedfina) backed by True North acquired receipt of its NBFC license in 2010. Having tasted success with the gold loan business, it has quickly diversified into other products like mortgage loans and corporate finance with the current focus on Unsecured Lending, Gold Loan, and small ticket LAP/ affordable Home Loans. The company has Pan India presence with 300+ plus Fedbank branches across the country.

The company's head office is located in Mumbai, India with its registered office in Ernakulam, Kerala and Regional offices spread across the country.

The company’s vision is Empowering Emerging India With Easy Access To Credit. With this vision, the company targets vendors, farmers, small businesses, salaried individuals, traders, SMEs and MSMEs.

The company takes its value of Customer Centricity seriously, therefore it believes in financing dreams of small individuals who are seeking loans for funding their little requirements. The company is leaving no stone unturned in hearing the needs of its customers.