Funding is provided to clients against mortgage of completed / nearly completed residential /
commercial properties or land in good location (preferably urban).

End Use
promoter funding, General corporate purposes, long term WC, cashflow mismatch , capital expenditure or refinancing existing loan with top up.

Features

• Type of Property : Preferably in semi-urban or urban areas. Undisputed clear title.      Property should be fully constructed.
• Independent valuation and title check conducted by bank or NBFC.
• Tenure: up to 10 years.
• Security Coverage: Commercial property (Loan To Value of 50%), residential property      (Loan to Value of 65%), non agri land . LTVs can be higher in case of self-occupied       residential property
• Interest Rate – 13-16% depending on business profile and quality of collateral.

UNSECURED BUSINESS LOAN

• An Unsecured Business Loan is a loan without any collateral/security that helps SMEs and startup companies raise debt for purposes such as expansion, project financing or equipment financing.

Features :


• Amount: up to Rs. 70 Lac (can be a bit higher in exceptional circumstances).
• Applicants looking to procure this type of small business funding should ideally have a high       credit score (CIBIL of 700 and above). Also business vintage is atleast 5-7 years and      operations are profitable
• Generally, unsecured loans for businesses are taken in the form of a term loan repaid in       EMIs with overall tenor of 5 years.
• Interest Rate : 15-18%

Short to medium term loans for acquiring assets like machinery , engineering or construction
equipment (JCB, Cranes), movable assets like transportation vehicles (tippers, dumpers, HCVs) ,
medical equipment which have good resale market and value.

End Use
Direct disbursal to the supplier.

Features

• Amount: Typically upto Rs. 15 crore.
• Tenure: up to 60 months.
• Tenure: up to 10 years.
• Security- Charge on Equipment Financed with LTV of 60-70% (can be higher for      commercial vehicles) and assignment of insurance. Also charge on cashflows/rentals from      use of the equipment. Additional security of collateral property may be required if      amount is high or lower rating of Borrower (low profitability, low CIBIL score).
• Interest Rate : 12-15%.

CAPITAL EXPENDITURE/PROJECT LOAN

• Financing capital investments, such as construction of a plant, office, business expansion, capital equipment purchase (boilers, turbines, CNC machines).

Features :


• Margin requirement: Depends on customer profile .
• Tenure: 5-7 years
• Security: Fixed Asset cover of 2-2.5x with min 1x collateral property
• Interest Rate : 14-17%
• project contract and/or Strong cashflows , good financial credit score and atleast 5 year      vintage of business is normally required by banks/NBFCs

Working capital and operating liquidity are the two main components for a business to succeed.
The ideal product for recurring working capital requirement, it comes with the flexibility of
meeting seasonal demands of higher inventory. Working Capital finance can be in the form of
fund based facilities cash credit, over draft, Working Capital Demand Loan, Short Term Loan
and non fund based facilities like Bank Guarantee (BG), Letter of Credit (LC), Performance
Guarantee (PBG).

End Use
Financing Core working capital of business. Limits assessment based on Drawing Power (i.e. Net Working Capital = Current Assets – Current Liabilities ) or % of Turnover basis

Features

• Tenure: up to 12 months.
• Security : for working capital loans include: Stock, book debts and collateral property      (min 1x but depending on vintage of business and nature of collateral it can be lower at      0.7x)
• Annually reviewed.
• Cycles of 30-120 day. Loan tranche payable after the cycle time and then available for      redrawal.
• Interest Rate – 12-15%

RECEIVABLE FINANCE / FACTORING

• This product provides quick liquidity by monetizing good quality receivables. Unlocks the Unlocking the power of your revenue generating assets, we offer solutions where you can choose to liquidate the value of your future receivables / assets upfront and generate further value creating opportunities

Features :


• Margin (20-30%): Loan to Receivable Value is 70-80%.
• Tenure: up to 120 days for each . Facility is self liquidating through the receivables      assigned. It can be revolving if receivables can be replaced with new ones
• Security : Exclusive charge on receivable (ideally accepted bill). If only accepted invoice      then margin will be higher and NOC of any existing WC lender will be required along      with some collateral
• Interest Rate : 13-17%

End Use
purchase stock for sale on ecommerce site, augment existing working capital

Features

• Amount : Upto Rs 5 cr
• Assessment by bank/NBFC ddepends on vintage of association with ecommerce portal ,      average monthly volumes and track record of payments received from the portal as well      as credit score of business and promoters.
• Tenor – Revolving with every tranche repayment in 60-90 days or upto 2 years with EMI      or twice a month payment
• Security – Exclusive charge on stocks and escrow mechanism where payment from      ecommerce portal are routed through a separate bank account.
• Interest Rate : 14-18%