Tuesday, 6 July 2021

Moneyboxx Finance Aims to triple Loan Disbursal

By 121 News

Chandigarh July 06, 2021:- Moneyboxx Finance Limited (MBFL), which provides small-ticket loans in tier-2 and tier-3 cities, today said that it aims to disburse loans to the tune of Rs 180 crore during 2021-22, a three-fold increase over the previous financial year.

The BSE listed Non-Banking Finance Company had disbursed loans to the tune of Rs 55 crore as on March 31, 2021. The total AUM stood at Rs 62 crore.

The company, which started operations in February 2019, will enter more states and is finalizing its plan in that regard. Besides, the company will also expand its presence in states wherein it is already present. Currently it has 22 branches spread across four states - Punjab, Haryana, Rajasthan and Madhya Pradesh.  

Mayur Modi, Co-CEO, Moneyboxx Finance Ltd., said that MBFL has aggressive plans to at least triple its loan book during the current fiscal, including opening more branches and expanding workforce. He added that during 2021-22, we aim to increase our loan book to Rs 180 crore from Rs 62 crore as on March 21, 2021. We have firmed up our plan to enter more states and will also expand our branch network in the states we are present in.

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