“There are many players in gold loans but we are in the small ticket size segment. The average ticket size is around Rs 50,000 and these are short-term loans in the sense that the average loan period is around 100 days. In this segment, what is most sought after is the quick delivery and doorsteps servicewherever required. In these areas, there is enough headroom for us to play.”
The agreement was signed by Kamal Parmar, Head, of Vehicle and Equipment Finance, Manappuram Finance, and JCB India representative the other day. As per the agreement, the finance options will be available across the country. The pact will go a long way in helping both sides increase their business volumes.