Ujjivan Small Finance Bank commences disbursement of ‘Ujjivan Bank Raftaar Loan (Vehicle Loan)
Ujjivan Bank will be targeting its existing customer base of 46 lakh for vehicle finance. Patna / Chennai, July 18, 2019: Ujjivan Small Finance Bank today announced the launch of the ‘Ujjivan Bank Raftaar Loan’ (Vehicle Finance) with its first disbursement for electric three wheelers in Patna. This initiative will enable Ujjivan SFB to offer its unbanked and under-banked customers, access to easy financing options for vehicles. Through this initiative, Ujjivan SFB aims to address the individuals’ aspirations to own a vehicle towards supplementing their income, for a better lifestyle. Commenting on the initiative, Mr. Samit Ghosh, MD & CEO, Ujjivan Small Finance Bank , said, “ Banks and financial institutions have long been reluctant to finance electric vehicles. We observed the struggle for our customers in purchasing vehicles. Hence, identifying this need-gap in the market, Ujjivan Small Finance Bank has entered this space. This is a major step to build...