Mumbai: Non-bank lender Credit Saison India has raised $500 million (about ₹4,830 crore) through its largest-ever external commercial borrowing in a multi-currency syndicated transaction.The deal saw participation from six lenders-Asian Development Bank, Axis Bank, CTBC Bank, DBS Bank, Mizuho Bank and State Bank of India.The funds will be used to expand the company's MSME and secured lending portfolio.Credit Saison India ties up $500 million external financingCredit Saison India has secured $500 million in its largest-ever external commercial borrowing, a multi-currency syndicated transaction involving six lenders including Asian Development Bank and State Bank of India. The funds will fuel the expansion of its MSME and secured lending portfolios, with the company aiming for significant loan book growth and branch network expansion."With this $500 million ECB, we have crossed close to $1.1 billion in ECB fundraising for FY26," said Presha Paragash, whole-time director and CEO at Credit Saison India. "The participation of six banks reflects the strong support from lenders. ADB is our first DFI lender, and Mizuho Bank, which is also our equity shareholder, has been extremely supportive."Credit Saison's loan book stood at ₹23,000 crore as of March 2026. While the company did not provide formal guidance, it said it has delivered annual loan book growth of 25-30% over the past two to three years. The company currently operates about 100 branches and plans to add 50-60 more during this fiscal year, taking the network to about 150 branches by March 2027.Credit Saison said the commercial terms of the borrowing were finalised before the West Asia conflict erupted. The funds will be drawn down in multiple tranches over the coming months.The lender, which has historically had a predominantly unsecured portfolio, has been steadily increasing its secured lending book.