Andromeda Sales and Distribution Private Limited, India’s top loan distribution network, is now reaching out to Non-Resident Indians (NRIs) in Dubai, offering them streamlined access to home loans for purchasing property in India. With Dubai hosting the largest Indian expatriate community, this move targets a significant market of potential home buyers eager to invest back home.
This strategic expansion is designed to assist NRIs in Dubai with securing home loans and commercial property purchase loans in India, anticipating strong demand and substantial business growth for the fiscal year 2024-25.
“We’re excited to extend our services to the Indian diaspora in Dubai. This initiative is a natural progression of our commitment to meeting our clients’ evolving needs and solidifying our position as India’s leading loan distributor. By offering seamless access to loans for property purchases in India, we aim to provide tailored financial solutions that resonate with our diverse clientele,” said Sandeep Lalwani, Director of Andromeda Sales and Distribution Private Limited.
Andromeda, established in 1991 as a Direct Sales Associate for Citibank, has grown into India’s largest loan distribution company, disbursing over Rs 75,000 crore in loans during the 2023-24 financial year. The company’s diverse loan portfolio includes home loans, loans against property, personal loans, and business loans, alongside insurance and mutual fund distribution through its group companies.
This latest initiative underscores Andromeda’s commitment to innovation and growth, positioning the company to meet the dynamic financial needs of NRIs in Dubai.
Source: Financial Express