Frequently Asked Questions
Who are eligible to get private funding?
Whose business in running condition with business vintage at least 2 years with minimum annual turnover 20 crore or more for Delhi NCR and 200 crore or more for other states of India on paper.
Can i get private funding for 1 year?
No,this is very short term funding for urgent need of funds only.
Why is the rate of interest of this funding so high and why is it given for such a short period of time?
Because this is a high risk funding in which the financier takes a huge risk on his capital.This funding is for those people who are not able to get funding from bank NBFC due to any reason or it is taking too long or they are not eligible, in that situation the financier takes this risk and provides you funding for a short period so that you can come out of your emergency situations and keep your business running continuously.
Can i get private funding for start my new business?
No,this is not for starting new business.
How much annual turnover i need for get this loan?
For Delhi NCR minimum 20 crore or more annually on papers and for other states of India minimum 200 crore or more on papers.
Is CIBIL Score required to avail this loan?
No there is no need of CIBIL Score to avail this loan but T&C Apply.We do not fund defaulter,NPA.
To which businesses you provide private funding?
Manufacturers,Wholesalers,Traders,Factory owners,Exporters & Importers,Showroom owners,IT companies etc and those who meet our terms and conditions.
On what basis you provide private funding?
This is short term private funding on your business turnover and banking against post dated cheques.
Is it an unsecured private funding?
Yes,this is a completely unsecured private funding,we do not take any kind of security or collateral.But in some cases where big funding is being done and the client's profile seems risky, we keep the property papers.
Do you take any gurantor?
Depends on the profile of the borrower, if required then yes.
Do you take any kind of upfront charges?
No,Whatever charges there will be, they will be deducted from the funding amount.
Do you charge processing fee and how much?
Yes we charge processing fee and how much depend on borrower profile,funding amount.
Do you take any charges before loan amount disbursement?
No,we do not take any kind of charges before loan amount disbursement and whatever charges like one EMI in advance and processing fee will be deducted from your loan amount and the remaining amount will be given to you.
In what time frame borrower get the money?
It all depends on borrower how quickly he/she provides us all required documents so that we can start our process as soon as possible.
Within what time frame do you credit money in borrower account?
If everything goes smoothly,we get all the documents on time,then maximum 24 to 48 in Delhi NCR if no special circumstances arise in between.
Do you funding outside of Delhi NCR also?
Yes of course but if the client's profile is very good and his annual turnover is 200 crore or above.