Poonawalla Fincorp Limited (Formerly known as Magma Fincorp) a non- deposit-taking systemically important non-banking finance Company (ND-SI-NBFC),has partnered with All-India Organization of Chemists & Druggists (AIOCD), to offer loans at special rate of interest to its members across India.
Through this tie-up, Poonawalla Fincorp Limited (PFL) will extend Business Loans, Loan Against Property, Pre-owned Cars, and Home Loans to AIOCD members to help address thevarious financing needs of Chemist and Distribution fraternity.
Through this alliance, Poonawalla Fincorp aims to cater to approximately 20000 chemists across 13 locations in Madhya Pradesh, including Indore.
Manish Chaudhari, Chief of Staff, Poonawalla Fincorp Limited said "We are delighted to partner with AIOCD to offer our suite of products tothe chemist and druggist fraternity. We believe that these financial tools will empower and fuel the business growth and individual aspirations of the AIOCD members in achieving theirlifegoals.
At Poonawalla Fincorp, we firmly believe in the merits of enteringsuch alliances to leverage the wide reach of such bona-fideindependent and industrybodies andaugment our product offerings with a touch of special rates that results in a win-win outcomes for both the stakeholders."