Motilal Oswal Home Finance Limited expands presence in Tamil Naidu with two new branches at Tiruvallur & Chengalpattu

Motilal Oswal Home Finance Limited expands presence in Tamil Naidu with two new branches at Tiruvallur & Chengalpattu

● To expand presence in the state, Motilal Oswal Home Finance Limited is opening two new branches in Thiruvallur and Chengalpettu respectively

● This takes the count of their total 15 branches in Tamil Nadu

Motilal Oswal Home Finance Limited (formerly known as Aspire Home Finance Corporation Limited), India’s only national affordable housing finance company, announced its further expansion into Tamil Nadu to strengthen its presence in the state.

Motilal Oswal Home Finance has opened two new branches at Tiruvallur & Chengalpattu.

Mr. D. SESHADRI, DEPUTY COLLECTOR (Retd.) did the inauguration of Tiruvallur branch. Chengalpattu branch was inaugurated by Mr. Vijaikumar Seetharaman , State Head of Tamil Nadu, Motilal Oswal Home Finance Ltd

Mr. Vivek Kannan, Chief Operating Officer , Motilal Oswal Home Finance , upon inauguration of two new branches of Motilal Oswal Home Finance in Tamil Nadu, said, “With a strong process based culture and focussed strategy by management, our home finance business has been seeing a turnaround. We are constantly adopting new technologies and simplifying processes for a best in class customer experience. The recent rebranding has not only helped us in terms of greater business efficiencies with Motilal Oswal Group, it also helped build greater trust amongst all the stakeholders. I am very optimistic that Motilal Oswal Home Finance will emerge as a preferred provider of home loan needs of people in the affordable segment of the economy”.

Mr. Vijaikumar Seetharaman, State Head of Tamil Nadu, Motilal Oswal Home Finance Ltd. added, “Tamil Nadu is the 11th largest state in India by area and 6th most populous state. Being one of the top 3 largest state economies in India by GDP, TN becomes one of the most urbanized states in India. For the last 20 years the rate of urbanization in Tamil Nadu has been rapid; many areas earlier classified as rural have got better facilities and have been merged with municipalities and corporations. The migration of people from rural to small, medium and major towns in search of employment and in the presence of industrial developments contributed to speedy urbanization.”

“With the opening of the two new branches at Tiruvallur & Chengalpattu, our customers will have better reach to home loan to help realising their dreams of owning a home. These two centre are very important for affordable home loan segment,” added Mr.Vijaikumar Seetharaman

Motilal Oswal Home Finance will be present in the regions where there is demand for affordable housing so that the customers need not travel to far away locations for their home loan needs.

MOHF’s Tamil Nadu operations will follow the hub and spoke model across all 15 locations. Chennai, the main hub for Tamil Nadu, will cover extended geographical areas through all the branches to meet the aspirations of Low & Middle Income group in acquiring their dream home with affordable financing solutions.

About Motilal Oswal Home Finance Limited:

Motilal Oswal Home Finance Limited (MOHFL) is a professionally managed housing finance company with unique combination of financially sound and technically experienced promoters who are well known in their domain for professional ethics and strong execution capabilities.

MOHF works on the business philosophy of financial inclusion of Lower and Middle Income (LMI) Indian families by providing them an access to long term housing finance.

MOHF has a presence in 9 states with 112 branches across India.

MOHF is a subsidiary of Motilal Oswal Financial Services Limited (MOFSL). MOFSL is a well-diversified, financial services company focused on wealth creation for all its customers, such as institutional, corporate, HNI and retail.

MOHF is registered with National Housing Bank (NHB) as an Housing Finance Company under section 29A of the National Housing Bank Act, 1987 vide Certificate of Registrar

No. 05.0111.14 dated May 19, 2014.

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