September 10, 2025

Sundaram Home Finance is spreading its wings and landing in Karnataka! The Chennai-based firm plans to open 8-10 new branches in Tier II and III towns in this state. Their big goal? To disburse a whopping Rs 60 crore in loans during the first year under their Emerging Business segment. This move follows their warm success in Tamil Nadu and Andhra Pradesh, where they already operate over 50 branches and disbursed Rs 200 crore last year in the same segment. The Emerging Business vertical focuses on small business loans up to Rs 20 lakh and affordable housing loans up to Rs 40 lakh. On this exciting expansion, Sundaram Home Finance’s Managing Director D Lakshminarayanan said, "In line with our stated intent of expanding the Emerging Business outside Tamil Nadu, we have forayed into Karnataka and are hopeful of establishing a good presence in the Tier II and III towns in the state over the next 12-18 months." Why Karnataka, you ask? Lakshminarayanan explains, "It has vast potential for affordable housing finance with the Government pushing this segment aggressively. We believe there will be a high demand for credit in the affordable housing segment and hope to tap into this growing opportunity." With the government keen on affordable housing, and Sundaram Home Finance’s fresh energy in smaller towns, this expansion is poised to boost local businesses and give more people the chance to own their dream homes. So, Karnataka, get ready to welcome fresh financing options that can transform many lives!

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Tags: Sundaram home finance, Karnataka, Affordable housing, Small business loans, Emerging business, Finance expansion,