About Fund Source
Fund Source is India’s No.1 NPA Finance & OTS Finance company with Proven Track Record. We are exclusively working for Private Finance for NPA Accounts (NON-PERFORMING ASSET), NPA Funding, NPA account Funding, NPA Loan Takeover, OTS Finance, OTS Funding, OTS Finance Company, NPA Account Takeover, NPA Retrieval, NPA account Restructuring & MSME Loan For NPA Accounts.
NPA Source, Loan for One Time Settlement, Stress Account/Loan against Property with bad CIBIL score, Builder Finance, Private Equity, Big Corporate Funding, ECB & Real Estate Finance, Real Estate Project Finance, Loan for Real Estate & Loan for Builders.
Loan Disburse in last financial year April 2022 – March 2023 (Rs. 48.40 cr.)
We provide a full range of loans for NPA accounts, from pre-NPA situations like SMA1& 2 to NPA status or to close NPA accounts settled under OTS (One-Time Settlement). We also provide working capital after the closure of NPA accounts. Our services are available in all major cities in India, and our loan products strictly follow the RBI(Reserve Bank of India) guidelines.
Our services are designed to help clients overcome stressful situations, convert their NPA accounts into normal accounts, and enjoy standard banking products to excel in business.
We directly take over the NPA account from your previous bank and offer a repayment in the form of EMI for a tenor of 4-5 years. This new loan offers:
We exclusively provide NPA Funding to close your previous loan account liability and restructure the loan by giving a structured repayment plan(EMI). Our services are available in PAN India. Also available Private Finance for NPA accounts in Delhi
We exclusively provide finance to fulfill your OTS (One Time Settlement) commitment. We can pay directly to your previous bank to close your NPA account liability settled under the OTS scheme. Our loans for OTS are available in PAN India and start from Rs.1 crore to any amount required.
Finance available to Developers / Builders who have marketable projects / in area of demand. Fund Source India have expertise in raising funds for Real Estate Projects.
Fund Source India provides Private loan against property to clients who are getting difficulty getting loans from regular banks and NBFC but have good property to offer as collateral. The client can get 50% of the valuation of the property & within a short period of time.
Our Promoter
Mr.Vineet Kumar Dev has fifteen years of vast experience in the field of stress finance & NPA financing. He has done his Master of Business & Administration (finance) from University of Warwick (UK).
He started his career as sales and marketing manager with ICICI bank & later started DSA of Standard Chartered & ICICI bank and ranked no.1 in LAP product. After recession of 2009-2010, he restarted as NPA solution professional and cracked first deal of NPA Loan (2011) worth of Rs.38 cr of a cable manufacturing company based in Gujarat.
Now, he is well versed with company credit policies & having clientele in all major cities of India. He has done 100+ transactions under OTS Finance & NPA revival/NPA finance.
His team consists of experienced financial professionals, Exbanker who has got wide financial services experience of over Ten years or more. He has excellent relations with our lenders, Private Equity, Builder Finance, Takeover of NPA Accounts RBI, NBFC financing NPA Accounts, Finance for NPA Accounts and other NBFC.
NPA finance is a loan facility issued to NPA borrowers to close their NPA accounts. Through this loan, the previous NPA liability will be taken over directly, and all the securities will be transferred to the new lender. It’s a great tool to close NPA accounts and re-track your business. It helps businesses to restructure their financial profile, winding up legal issues, and better manage cash flows.
The following are the key features of NPA Finance:
Key Features NPA Finance: The loan starts from Rs.1 crore to any amount, Loan available in all major tier 1, 2, and 3 cities in India, OTS Finance or Non-OTS Transaction, Easy Onset of the process through soft copies, Debt + Equity arrangements in proposal larger than Rs. 10 crores.
Do you have questions about how we can help your company? Send us an email and we’ll get in touch shortly, or phone +91 9810-218-215 . We would be delighted to speak. Fund Source India is a leading consulting and advisory company which provides services to Corporates, MSME’s and Startups in the area of Funds raising, Debt Resolution, Investment banking and Funding Essentials.
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When a loan account stops generating profits for banks, then the bank declares that account as a Non-Performing Account (NPA). Eventually, that account is considered an NPA by all banks & other financial institutions, and due to strict banking regulations, all banks and institutions will stop further financing such clients and in the worst scenario all banking facilities & limits will be withdrawn.
The Borrower can approach their bank to restructure his NPA loan account. This will regain all previous facilities and accounts and after one year of operation, the account will be completely converted into a standard account. Then client can apply for an additional loan or move to another bank for enhancement. This re-structuring decision completely depends upon banking policies & banks hold the complete right to restructure.
Borrower can transfer their NPA account to some financial institute authorized by RBI (Reserve Bank of India) for such transactions. These financial institutes repay directly in the NPA Loan account of your previous bank or NBFC. After one year of successful & timely repayment with this new financial institute, your account becomes standard.
Borrowers can do this by taking financial favours from your close relationships. Another way, approaching some private finance arrangements in your local area. Normally this kind of finance is only available locally and looking out for options other than your local area will not solve your purpose. Searching for this arrangement outside your local area, you will only lose time & effort and in some cases your precious money also. Some of the clients have very bad experiences in terms of time & money. Top of the above, this kind of financing is not readily available & is rarely available.
The are NPA funding companies in India like Fund Source, that provide financial support to NPA account borrowers and help them close their NPA loans. They have dedicated staff who can understand the complexity of the NPA transaction, such as cases running under DRT or NCLT courts. The new lender pays directly to the previous bank & all collateral securities are transferred to them. Fund Source India helps its clients close their NPA loans successfully, emerge from stressful situations, and convert their NPA accounts to normal accounts. We helped hundreds of clients to date by providing finance to close their stress accounts.
Borrowers can raise funds by introducing new partners in the company. The new partner will take some shares in the company & will infuse some funds into the company, which can be used for repaying Non-Performing Asset Loan accounts.
A one-time Settlement is a legal contract between a financial institution (bank) and its borrower to settle a Non-Performing Loan (NPL) at a reduced price. This is beneficial for both parties, as the bank reduces its bad loans, and the borrower gets rid of all the legal and financial issues associated with them.
NPA account is a kind of termite for the NPA account borrowers. It never makes a business flourish and hinders its growth in many ways. NPA Borrowers can’t run the current accounts and no bank or NBFC extends any loan facilities to such borrowers. Above all bank’s legal process to recover the outstanding amount like the possession & sale process of collateral takes the borrower’s sleep away.
NPA refers to Non-Performing Asset. When a borrower stops paying the EMIs or interest in a particular loan account equivalent to or more than ninety days, then the bank declares that account as a non-performing asset (NPA). It also means that the loan account that stops generating profits to the bank is considered an NPA Account.
This is about one of a our clients located in Hyderabad. We arranged the finance for his one time settlement with state bank of Hyderabad. For doing OTS Finance we are associated with some lending companies who are specially interested in financing such OTS transactions.
India’s No.1 NPA funding & OTS Finance Company with Proven Track Record. We are exclusively working for Private Finance for NPA Accounts (NON-PERFORMING ASSET)
