FAQs
What is the interest rate and ticket size of loans from NBFCs?
Our partner NBFCs offer loans in the range of 8-24% and the ticket size is 50L – 200cr Depending on type of Loan, Profile, Project etc.
In how many days is the loans going to get processed?
Our turnaround time is for Business Loan 7-10 days, For Personal Loan 3-5 days, For Home/Mortgage Loan 10-15 days, for big ticket sized project loan 25-30 days
What type of property can be pledged as a collateral?
Our Partner NBFCs accept non-agricultural land, commercial & residential properties as collateral
What is the tenure of the loans?
Its Depends on Type of Loan. The maximum tenure for the Business, personal, Machinary loans offered is 60 months. Home, Mortgage , Project Loan is depended .
What is the processing fee & due diligence fee
The processing fee is 2.5-3% and due diligence is 1.75% of the loan amount and it varies from case-case.
What are the documents required to apply for a loan?
The documents required are a) Profile of the company including promoters. b) Last 3 year Audited financials. c) ITR of the last 3 years. d) KYC Documents (Pan/aadhar of the promoters and pan/gst of the company). e) Outstanding loans and EMI details. f) GST returns of the last 2 years. g) Projected cash flows statements for the next 3 years. i) Monthly cash flow statements of the next 12 months. j) Breakdown of the usage of the loan amount.
For Service Holder , who want to mortgage loan, home loan or personal loan. a) Last 3 month pay slip b) last year Form 16, c) last 6 month salary account statement, d) Pan, Addhar card, Residence proof
What type of loans are provided?
Our NBFCs partners provide Equipment and machinery loans, working capital loans, Home Loan, Mortgage Loan, Bill/Invoice discounting, Last mile financing, Industrial project financing.
Are real-estate loans provided?
We arranging last mile financing for the real-estate sector.
Do I require a guarantor to avail the loan?
Its depend on type of loan and depend on profile , credit score.
Is third party collateral accepted?
Yes, our some NBFC partner accept third party collateral.
Is the interest rate fixed or variable for loans?
Interest rate charged by maximum lender is fixed.