MAS Financial Services is a financing company that has been in business for more than 20 years. They are based in Santa Ana, California and they specialize in subprime automobile loans. Their goal is to provide dealerships with the best financial options available and they also offer superior customer service.additional info
Automobile finance company
MAS Financial Services is a financial services firm headquartered in Santa Ana, California. It offers a wide variety of products and services to consumers. The company specializes in a number of subprime automobile loans. In addition to its vehicle finance capabilities, the firm also provides loan programs to other NBFCs, thereby offering its customers a one stop shop for their financing needs.
Mas Financial has been in business since 1995. With more than 125 branches spread across the country, the firm offers its clients a myriad of financing options to choose from. Aside from the usual suspects, the firm also offers specialized retail financing solutions to its dealers and independent car dealerships. For instance, in addition to their standard lending services, the firm also offers a number of enticing product offerings to technology buyers.
Mas Financial's most notable contribution to the auto finance industry is their reputably high quality customer service and innovative product offerings. This, in conjunction with their slick website, has made it a popular choice for consumers looking for the right car at the right price. In fact, a recent survey of MAS financial's clientele revealed that 85% of customers had a great experience with the firm. As a matter of fact, MAS has received the Best Customer Service award by the American Automobile Association (AAA) several times over the past decade.
On a more technical note, the most noteworthy MAS financial services product is their line of subprime vehicle loans. The company also offers an impressive line of commercial property and small enterprise loans. Additionally, the firm also has a large network of NBFCs that provide mortgages, construction loans and other lending services to various industries. Furthermore, the company has a well-stocked library of informational articles, videos, and manuals that explains how to get the most out of your auto loan.
From subprime auto loans to commercial property loans to home loans, MAS Financial has something for everyone. With a focus on the middle-income and lower middle-class markets, the firm satisfies its clients with superior customer service and an array of financing solutions.
Retail financial services
MAS Financial Services is one of India's leading non-banking financial companies. It specializes in micro, small, and medium enterprises financing and retail financial services, primarily through its wholly owned subsidiary MRHMFL. The company has 125 branches in the country and is headquartered in Mumbai. While MAS's growth is unrelenting, the financial institution's balance sheet remains healthy with a total loss of less than one percent of the total assets in the last decade.
MAS Financial Services has a diversified product suite including loans for housing, commercial vehicles, commercial properties, and industrial machinery. A recent study by the company suggests that the number of borrowers is increasing on a year-on-year basis, with the bulk of new borrowers coming from the tier-one metropolises of Delhi-NCR, Mumbai, Chennai, Hyderabad, Bangalore, and Kolkata. Meanwhile, a significant portion of the NBFC's retail customers are low- and middle-income households. With its strategic co-lending partnership with Bank of India, the NBFC is looking to expand its credit-flow into unserved markets. Moreover, MAS's recent foray into the fintech space indicates that it has more to offer in this arena than simply lending money.
MAS's eponymous subsidiary also boasts of a bevy of retail financial products and services, from which it makes the top 10 list of largest NBFCs in the country. For instance, the company provides a slew of home loans through its wholly owned subsidiary MRHMFL. At the same time, the company has a plethora of other retail financial products and services including micro-financing and project financing, insurance, and financial planning solutions. To round out its offerings, the NBFC also maintains a robust network of branch offices in Delhi, Chennai, and other major cities. By all accounts, MAS is well positioned to meet its future challenges head on.
As mentioned earlier, the company is currently in a long-term expansion plan, which includes a number of new products and services, including a strategic co-lending partnership with Bank of Indian. The NBFC is also leveraging its network of 125 branches, its wholly owned subsidiaries, and its fintech partners to deliver the latest and greatest financial products and services to aspiring borrowers.
Corporate loans to NBFC-MFIs
Mas Financial Services Limited is an NBFC (Non Banking Finance Company) based in Ahmedabad, Gujarat. It is a lender to small businesses, individuals, and NBFC-MFIs. The company has an extensive network of branches in seven states. They have also established a subsidiary, MAS Housing, to provide loans to low-income group people in rural areas.
MAS Financial offers various financial products such as housing loan, personal loan, commercial vehicle loan, two-wheeler loan, and micro enterprise loan. Besides, they provide refinancing support to banks. In addition, the company has a strong distribution network of over 100 NBFCs.
The company has around 3300 centers spread across the country. This has helped them to expand their reach and offer a range of financial services to various sectors.
While the company has a good market position, they have to continue to grow at a high level to ensure meaningful profits. In fact, their net profit is up 26 percent over the past five years. However, the company has a limited margin and faces competition from large NBFCs.
They are also facing geographic concentration risk. Their business is concentrated in Maharashtra and Gujarat. With this in mind, a good diversification in other regions could help them to grow at a faster pace.
In a bid to strengthen their capital base, the company has decided to raise around Rs 233 crore in an initial public offering. They will raise this by issuing fresh shares at prices of Rs 456-459 apiece. At the same time, the existing shareholders will sell their shares and the promoter shareholding will fall to 73.2 percent.
In March, MAS Financial had a 6.6 percent net interest margin. In the same month, their provision coverage ratio was 15 percent. Overall, monthly collection efficiency was 97-100 per cent.
A number of NBFC-MFIs are expected to grow at a CAGR of 15-30% in the next two years. The upcycle will depend on liquidity and competitive intensity.
Several financial services firms have gone public in the past year. Other than the two mentioned above, there are PNB Housing Finance Ltd and Ujjivan Financial Services Ltd.
Franchise and independent dealerships
Whether you're in the market for a brand new car or a second-hand vehicle, you need to know the difference between franchise and independent dealerships. These are two different car buying methods that have changed the way we buy cars. They've also helped to make the car buying process easier, more convenient, and less stressful. By learning the differences between franchise and independent car dealers, you can be sure that you're getting the best deal.
Franchise dealerships offer cars from a particular manufacturer. This makes them a great option for people who are looking for a specific type of car. You may even find that these dealerships have a larger selection of vehicles from a number of different manufacturers, making it easier to find the car that's right for you. But they also can come with a high rate of interest, so you might be better off choosing an independent dealer.
Independent dealers, on the other hand, are more flexible and are able to provide you with the kind of service and support you need. While they don't have the same resources and backing as their franchised counterparts, they're known for their sincere customer service, and they sell a wide variety of quality used and new cars.
If you're in the market for a new or used car, you'll want to take the time to shop around for the right deal. By comparing prices and financing options, you can find a car that works for you, and get the vehicle you've always wanted at a price you can afford. And if you need help with financing, you'll find that independent dealerships are more likely to work with you than a captive lender, who works for the auto maker.
By choosing a franchise or an independent dealership, you'll be able to find the car you need at a price you can afford. So when you're ready to take the next step in your automotive journey, you'll be happy that you chose the right dealership.