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Mahindra & Mahindra Financial to expand mortgage business
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The company will provide housing finance loans, top-up loans, home improvement and home extension loans, among others, its said in an exchange filing.
The Mumbai-based non-banking finance company (NBFC) will also participate in the government's affordable housing loan schemes, it said.
The company expects to invest 200-300 million rupees ($2.4-$3.6 million) over the next 12 months, including IT spends, for the expansion, it added.
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