Andromeda, a leading loan distributor, anticipates a 20% increase in loan disbursals to approximately Rs 1 trillion during the current fiscal year, largely driven by mortgage demand. In FY24, loan disbursals surged by 23% to Rs 75,397 crore, with housing loans reaching Rs 33,918 crore and business loans experiencing a notable 32% increase. Despite rising housing prices, robust demand for housing loans persists, fueled by digitalization, faster approvals, and increased availability and flexibility in lending.
Andromeda Aims for Rs 1 Trillion Loan Disbursals in FY25, Expects 20% Growth
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