JM Financial Home Loans Limited (JM Financial Home Loans / the Company) has announced the launch of a new branch in Erode, Tamil Nadu. The launch of the Erode branch marks the milestone of the opening of 75 branches in India for JMFHLL. Since commencing operations in 2017, JM Financial Home Loans has expanded its network at a rapid pace, offering its various home loan products to eligible home loan seekers in all regions.
The inauguration of the branch is part of the Corporation’s continued desire to deepen its penetration in the affordable housing segment. JM Financial Home Loans will now offer its product mix including home loans, home loans, home construction loans, home improvements and extensions and strive to meet the housing finance needs of home buyers. in Erode and adjacent areas.
JM Financial Home Loans operates from 75 branches in 7 states in western and southern India, which helps create a highly granular affordable housing finance portfolio. It plans to further expand its footprint across India.
The company currently has an Assets Under Management (AuM) of ~Rs.1350 crores (as of 31 Aug 2022) and a customer base of ~8,500 with an average note of Rs. 15 lacs. The company expects steady and robust growth in its bank loan portfolio thanks to its transparent and fast home loan disbursement process, simple and hassle-free documentation and top-notch customer service.
Speaking at the announcement, Mr. Manish Sheth, MD and CEO, JM Financial Home Loans said, “We are delighted to open our 75th branch in Erode. In the post-pandemic phase, the country is experiencing unprecedented growth in demand for affordable housing. With our simple and convenient home loan offers, we will help buyers turn their dreams into reality.
Affordable housing is an underpenetrated and underserved market in India to a large extent. Having invested heavily in our people, processes and technology, we have set the stage to grow rapidly and position ourselves as one of the fastest growing and most profitable companies in affordable housing finance. November of this year marks the completion of JM Financial Home Loans’ five-year journey and this milestone is a testament to our continued efforts to make housing finance accessible to everyone. ”About JM Financial Home Loans Limited JM Financial Home Loans Limited, a subsidiary of JM Financial Products Limited, represents the group’s foray into the housing finance sector. JM Financial Home Loans Limited is primarily focused on the affordable housing segment, catering to low and middle income customer segments in Tier 1 and 2 cities. We strive to meet the needs of home buyers who are struggling served by formal banking channels. The company is built on the JM Financial brand and uses superior technology capabilities to provide a diverse range of highly personalized products and services to homebuyers.
For more information, visit https://jmfinancialproducts.com/Home/HomeLoans About JM Financial JM Financial is an integrated and diversified financial services group. The Group’s principal activities include (i) Investment Banking (IB) which caters to Institutional, Corporate, Government and Ultra High Networth clients and includes Investment Banking, Equities and Research Institutional, Private Equity, Fixed Income, Syndication and Financials; (ii) Mortgages include both wholesale mortgages and retail mortgages (affordable home loans and secured MSMEs); (iii) Alternative and Distressed Credit includes asset reconstruction activity and alternative credit funds; and (iv) Asset Management, Wealth Management and Securities Business (AWS Platform) will provide an integrated investment platform to individual clients and will include Wealth Management, Brokerage, PMS and mutual fund.
As of June 30, 2022, the consolidated loan portfolio stood at ~Rs. 126.1 BN, distressed credit business AUM at ~Rs. 114.1 BN, Wealth Management AUM at ~Rs. 833.4 BN, mutual fund AUM at ~Rs. 30.6 billion euros.
The group is headquartered in Mumbai and operates in 659 locations across 191 cities in India. Shares of JM Financial Limited are listed in India on the BSE Limited and the National Stock Exchange of India Limited For more information, log on to www.jmfl.com Photo: https://mma.prnewswire.com/media /1917090/ JM_Financial_75th_branch.jpg
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