| SME and Micro Enterprise Loans | Working capital and term loans to small and medium enterprises including collateral-backed and supply chain finance. | Robust underwriting, expert local knowledge, strong NBFC partner network, and tech-enabled credit assessment. | Micro and small businesses, traders, manufacturers (B2C and B2B through NBFC partnerships). | High-quality secured SME loans and supply chain financing yield better margins. | 5487 | 43 | Interest income from loan disbursements, processing fees. | Interest-based lending with risk-adjusted pricing; direct and partner channels. | Rising formalization, digital credit assessment, and government initiatives boosting SME credit demand. | MAS Micro Enterprise Loans, MAS SME Loans |
| Retail Vehicle Finance | Loans for two-wheelers, commercial and used vehicles supporting mobility and business assets. | Wide dealer and broker network, strong underwriting, and focused monitoring reduce defaults. | Self-employed, farmers, transport operators (B2C through branches and digital, B2B via partners). | Used vehicle financing and two-wheeler loans in semi-urban areas show elevated margins. | 3441 | 27 | Interest income and processing fees from vehicle financing. | Tiered interest rates based on collateral, credit risk profiles, direct and partner sourcing. | Growth in personal and commercial vehicle demand, digital sourcing, and branch network expansion. | MAS Two-Wheeler Loans, MAS Commercial Vehicle Loans, Used Car Loans |
| Salaried Personal Loans | Unsecured loans tailored to salaried individuals for personal finance needs. | Efficient credit underwriting and digital loan origination shorten turnaround time and reduce costs. | Salaried employees, professionals (B2C). | Unsecured personal loans exhibit higher margins despite higher risk. | 948 | 7 | Interest income with higher yields due to unsecured nature. | Direct sales with risk-based pricing and streamlined approvals. | Increasing salaried population needing quick credit for short-term needs. | MAS Salaried Personal Loans |
| Housing Finance (via subsidiary MRHMFL) | Housing loans for rural and semi-urban individuals including home purchase, construction and renovation. | Focused rural presence, strong government policy tailwinds, and cautious underwriting of collateral. | Middle and lower-income rural and semi-urban residents (B2C). | Loan segments to economically weaker sections targeting affordable housing. | 1225 | 10 | Interest income from long-tenure housing loans. | Long-term loans with tiered interest rates; branch & builder tie-up sourcing. | Government housing initiatives and rising rural income enhance housing finance demand. | MAS Rural Housing Loans via MRHMFL |
