Andromeda Sales & Distribution, an India-based loan distribution network, is expanding into the Middle East in partnership with Wealth Link Solutions, following strong domestic performance.
By joining forces with Wealth Link Solutions, Andromeda is aiming to address the home loan needs of the Non-Resident Indian (NRI) population in the Middle East, which totals around 9.55 million.
Through this expansion, NRIs will have seamless access to home loans for their properties in India, regardless of their location. This initiative ensures that NRIs can avail themselves of the best home loan options, facilitating their investments in Indian real estate.
“We are thrilled to associate with Andromeda, leveraging our deep understanding of the Middle Eastern market and our strong relationships within the NRI community,” explained Neelam Verma, co-founder and CEO of Wealth Link Solutions. “This association will enable us to provide NRIs with the best home loan options, ensuring they have the financial support they need to invest in properties back in India.”
Originally established in 1991 as a Direct Sales Associate for Citibank, Andromeda has now established itself as India’s largest loan distribution network. Its portfolio includes home loans, loans against property, personal loans, as well as business loans.
Between 2023 and 2024, Andromeda recorded over 23 per cent growth in loan disbursals, largely driven by the home loan segment – which increased by over 22 per cent in FY23.
Sandeep Lalwani, Director of Andromeda, also said: “Our exceptional domestic performance has laid the foundation for exploring new opportunities. The Middle East, with its large NRI community, presents a promising market for our home loan services. In association with Wealth Link Solutions, we are excited to extend our expertise in home loan distribution to NRIs in the UAE, Saudi Arabia, Kuwait, Oman, and Qatar, helping them achieve their financial goals with tailored solutions.”
Simplifying the home loan process
Wealth Link Solutions will offer the services of its experienced team known for its understanding of the Middle Eastern financial landscape and strong relationships within the NRI community.
Fatima Qasimi, managing director and co-founder of Wealth Link Solutions, also added: “NRIs in the Middle East often face challenges when securing home loans for properties in India. Our collaboration with Andromeda aims to simplify this process, providing easy access to tailored home loan solutions, competitive rates, and efficient service. We are excited to make property investment in India more accessible and convenient for our NRI clients.”
Andromeda boasts an extensive reach across, with over 4,000 employees, over 450 branch locations, and an agent network comprising over 25,000 agents. This expansive presence also underscores Andromeda’s capability to provide top-notch home loan services to a broader audience.
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