HDB Financial Services overview:
HDB Financial Services (HDBFS) is a subsidiary of HDFC bank. The company is a leading Non-Banking Financial Company (NBFC) that caters to both Individual as well as business Clients.
Products of the Company
The HDB unlisted shares price is supported by the company’s current product portfolio, which consists of Loans, Fee-based products, and BPO services.
Loans:
The company offers secured and unsecured loans to various customer bases. These include Consumer Loans, Enterprise Loans, and Asset Finance.
Consumer Loans:
The company provides loans for the purchase of products such as mobile phones, computers, laptops, other audio and video equipment, essential non-consumable, movable products in the household, personal loan, lifestyle products, etc. for fulfilling short to medium term requirements of the client.
The company also provides gold loans, auto loans, and loans against mutual fund units.
Enterprise Loans:
The company provides loans to SMEs for fulfilling their working capital needs to execute big orders, purchase of new machinery for faster or increase in production, loans for expansion of business, refinance of existing loans, etc. either as unsecured loans or secured against property, securities, etc.
Asset Finance:
The company provides loans for the purchase of new as well as used commercial vehicles, construction equipment that generates income for the borrowers, and tractor loans. The company also offers refinancing facilities of existing vehicles and equipment.
Fee-based Products
The company sells life and general insurance products of HDFC standard life and HDFC Ergo general insurance. The company also distributes mutual funds and other third-party products.
Services:
The company provides collections and back-office services to HDFC bank. The company has set up 15 call centres across the country and provides services to the bank at 750 locations through its calling and field support teams.