ECL Finance Opens New Branch in Chengalpattu for Small Business Loans

ECL Finance Limited (ECLF), an NBFC promoted by Edelweiss Financial Services, has opened its first Small Business LAP branch in Chengalpattu, Tamil Nadu. The branch will cater to the credit needs of small businesses by offering a Loan Against Property (LAP).

ECLF's Small Business LAP product offers loans of up to ₹50 lakhs against residential, commercial industrial property. Designed to provide reliable access to capital, the offering comes with quick approvals and disbursals-bridging a critical gap for small enterprises that often face challenges in securing formal credit.

"Small businesses are the backbone of our economy, but many still struggle to access timely and reliable credit," said Mr Ajay Khurana, Managing Director of ECL Finance Limited. "Through our Small Business Loan Against Property offering, we aim to provide them with quick and dependable working capital support. With the launch of our Chengalpattu branch, we are not only supporting local entrepreneurs but also strengthening our broader commitment to empower MSMEs in Tier 2 and below cities, helping them grow, innovate, and become part of the formal credit system."

Shares of Edelweiss Financial Services Limited was last trading in BSE at Rs. 116.95 as compared to the previous close of Rs. 117.95. The total number of shares traded during the day was 287489 in over 1272 trades.

The stock hit an intraday high of Rs. 118.45 and intraday low of 115.15. The net turnover during the day was Rs. 33557778.00.

Source : Equity Bulls

Keywords

EdelweissFinancialServices INE532F01054 NBFC ECLFinance SmallBusiness LAPBranch Chengalpattu