HLFL is a non-deposit-taking, systemically important NBFC. Its loans include personal vehicles, commercial vehicles, tractors, and construction equipment. Its diversified customer base includes first-time buyers, captive users, retail operators, strategic and giant fleet owners, small truck owners, and self-employed individuals in urban and semi-urban locations.
CL Educate and Hinduja Leyland Finance have received Sebi’s approval for their initial public offerings (IPOs). Both companies will raise capital through fresh issues of shares and offer for sale of up to 26.29 crore shares.
Loan amount
HLF’s vehicle finance business has a diversified customer base comprising first-time buyers, captive users, retail operators, strategic and giant fleet owners, small truck owners, and self-employed individuals based in urban and semi-urban locations. It also offers financing facilities for tractors and construction equipment, as well as residential and commercial properties.
The company is a non-deposit-taking systemically important (ND-SI) NBFC and is part of the Hinduja Group, which has operations in 30 countries worldwide. It is a subsidiary of Ashok Leyland Limited (ALL, CARE AA +), one of India’s leading commercial vehicle companies.
Earlier this year, the company began its housing finance business by launching its wholly-owned subsidiary, Hinduja Housing Finance Limited, which received a nod from the National Housing Bank to commence operations. Its initial capital will be funded through internal accruals and loans, and it can gear up eight to 12 times.
To make EMI payments convenient for its customers, Hinduja Leyland Finance has partnered with MobiKwik to allow its borrowers to pay their EMIs online. This way, they can keep their credit score clear and avoid paying late fees or even a penalty. It’s also easier to track their EMIs with this EMI payment method, which helps them stay on top of their repayment schedule.
Interest rate
Whether you are buying a new car or a new home, you may be wondering what the interest rate on your loan will be. The answer depends on the type of loan you choose and the lender you work with. Some lenders offer fixed interest rates, while others offer floating rates. Fixed-rate loans are easier to budget for because they have a set monthly payment. Floating-rate loans, on the other hand, change with market conditions. These loans are more complex and may require a higher down payment.
The Hinduja Leyland Finance EMI calculator allows you to calculate the EMI amount for your loan. You can input the loan amount, tenor, and interest rate to get an estimate of the EMI you will pay for your loan. The calculator will also give you the total cost of your loan. You can use the EMI calculator to decide which loan option is best for you.
Before you apply for a Hinduja Leyland Finance Auto loan, make sure that you understand the terms and conditions of the deal. For example, the terms of your loan should be clearly stated, and you should check if the interest rate is floating or fixed. You should also check the repayment schedule to ensure that you are able to meet your commitments.
You should also determine if you need a guarantor for your loan. If you do not have a good credit score, you may need to find a guarantor for your application. This will increase your chances of being approved for a loan. You can also save money by opting for a longer tenor. However, it would be best if you kept in mind that the longer tenor will result in a higher EMI.
The average salary at Hinduja Leyland Finance for freshers is Rs 1,80,000 per year for a Credit Co-Ordinator and Rs 4,00,000 per year for a HUB Credit Administrator. You can view detailed salary information for various job profiles at Hinduja Leyland Finance here. Additionally, you can read employee reviews on US Legal to see what it’s like working at the company.
Documents required
The documents required by a lender vary depending on the type of loan you apply for. For instance, a home loan will require proof of identity, like a driver’s license or passport. Other important documents include a valid utility bill and income proof. You should also provide your employment details and current assets and liabilities. If you want to avoid delays, it’s best to submit all the required documents upfront. You can check the complete list of documents needed for a lender on their website or contact them directly for more information.
Hinduja Leyland Finance (HLF) is an NBFC providing automobile financing services. It offers car loans, two-wheeler loans, and commercial vehicle loans. The company’s customer base includes captive users, retail operators, strategic and giant fleet owners, small truck owners, and self-employed individuals. The company has 1,500 branches nationwide.
HLF is a subsidiary of Ashok Leyland Limited (ALL, rated CARE A+; positive/CARE A+), and its lending business is backed by the solid financial strength of its parent company. In addition to its lending operations, HLF supports philanthropic and charitable activities around the world.
The consolidated financials of the company are strong and reflect the continued growth in its core business. The company is expanding into new segments and leveraging its strengths in technology, customer service, and marketing. These strategies will help it compete with other lenders in the automobile finance sector.
Its debt-to-asset ratio is below the industry average, which is a good sign for its prospects. However, the company’s capital expenditure has increased significantly over the past few years, which could be a concern in the long term.
HLFL is a highly diversified company with a significant presence in the Indian economy. Its subsidiaries operate in a wide range of industries, including automotive, banking and financial services, and energy. The company also has a presence in other global markets, including the United States and China.
HLF’s management team is well-qualified, and the company has a track record of solid performance. The CEO of HLFL, S V Parthasarathy, has more than 40 years of experience in the finance industry and is known for his expertise in the consumer credit segment. He has previously held leadership roles at IndusInd Bank and the Murugappa Group.
Repayment period
The repayment period of a Hinduja Leyland finance loan varies from 12 to 36 months. The borrower can choose the tenure of the loan that fits their requirements. The tenure can also be extended if there is a need to do so. However, the borrower must remember that the total cost of the loan may increase due to the extension of the repayment period. Moreover, the additional interest that they will pay will be higher than that of the original tenure.
Hinduja Leyland Finance (HLF) is a non-banking financial company that offers vehicle financing, personal loans, and home loans. It is the wholly owned subsidiary of Ashok Leyland Limited, which manufactures commercial vehicles and provides services for the automotive sector. HLF has a diversified customer base of first-time buyers, captive users, retail operators, strategic and giant fleet owners, small truck owners, and self-employed individuals across India.
Currently, the company manages assets of around Rs 8,500 crore. It has over 1,500 branches and serves customers in India. Its consolidated net income in FY15 was Rs 112 crore. The company is looking to raise about Rs 600 crore through an initial public offering. Its IPO is expected to open on 24 June.
Axis Capital, ICICI Securities, SBI Capital Markets, and Yes Securities are the merchant bankers of the offer. The IPO includes a fresh issue of shares worth Rs 500 crore, as well as an offer for sale of up to 26,608,810 equity shares by existing shareholders. The company intends to use the proceeds from the IPO for acquisitions, repayment of loans, and working capital requirements.
The Hinduja Group was founded by Parmanand Deepchand Hinduja in 1914. He was a foresighted visionary with solid business acumen. The group has a global presence and is involved in many industries, including automotive, energy, banking and finance, IT/ITeS, and media and infrastructure. Its employees number more than 100,000 people worldwide. It is known for its pioneering spirit and philanthropic contributions. It has an annual turnover of more than $3 billion. The company aims to achieve a global footprint of $5 billion by 2020.
