Loan Process

Step 1

our loan opportunity is presented and discussed by channel partners/associates. On the prima facie case facts, we inform channel partners whether we are interested in the opportunity or not.

Step 2

On getting our interest, channel partners/associates will present you with a detailed case explaining our loan features, our eligibility criteria and documentation requirements.

Step 3

A face to face / virtual meeting is organized with the you and your team

Step 4

Your documentation is collected and submitted by our distribution associate

Step 5

Documentation is evaluated by our experts

Step 6

If the case appears fundable, we release a tentative term sheet which is subject to duediligence checks

Step 7

If the terms are prima-facie acceptable, we raise an estimate of ‘Legal evaluation and Audit compliance’ charges to you.

Step 8

These charges will have to be transferred to our account in advance and are nonrefundable. These charges cover the due-diligence costs that we incur while carrying out legal and other checks on your case.

Step 9

After the due diligence fee receipt, we travel to your offices and facilities and conduct a physical due diligence. If we, for some reason, cannot travel, we have our associates across geographies who carry out our required due diligence. We bear these costs.

Step 10

You do not need not cover our travel and stay expenses while we are evaluating your case.

Step 11

If legal and physical due diligence is successful, we release the final term sheet.

Step 12

On your signing the final term sheet, we request for the collateral papers for creating a charge on the collateral.

Step 13

The agreement signing and legal process is carried out at Mumbai after charge is created on the collateral offered by you.

Step 14

After the legal process and agreement signing, within maximum two weeks, we release the funds to your designated accounts,