Deal Description

A few points on the NBFC lending parameters:

Loan Quantum: From 1 CR to 5 CR
Lend towards secured loans only. Acceptable Assets : Residential and commercial properties. 
Tenure: Maximum 5 years. A 6 months to 1 year moratorium can be considered depending on the cash flow of the company.

In case of NPA / OTS : Funding at 18% to 24% p.a. with 2x collateral
For Fresh loan: Funding at 15% to 18% p.a. with 1.5x collateral

Processing fees: 2% to 3% depending on the case.

Premature loan closure penalty: 2% to 3%
Collateral: Preferred Residential and Commercial properties

Mandatory List of Documents to be shared for application of Business Loan
 
1) PAN card, Passport (if available), residence address proof of all Directors/Promoters
2) Company PAN card and Address Proof.
3) Shop Establishment Act Certificate.
4) List of Directors with share holding pattern on company letterhead.
5) MoA and AoA.
6) Last 3 years Company Income Tax Returns including SARAL, Computation of   Income, Balance Sheet with schedule & notes to accounts, Profit and Loss A/c, Tax Audit with annexures, 3CA, 3CB, 3CD, full list Creditors and Debtors.
7) Last 2-years Individual Income Tax Returns of all Directors/ Promoters.
8) Last 1-year GST/ VAT/Sales/Service Tax paid receipts.
9) Last 1-year Income tax and Advance tax paid receipts.
10) Last 1-year bank statements of all company current a/c as per balance sheet.
11) Last 6 months banking of all Directors/ Promoters personal savings a/c (as per their balance sheet.)
12) Sanction letter of all existing loans with repayment schedule. 

13) Valuation report of collateral if avaiable 

No Files Attached