NPA Finance is a loan given by any financial institution licensed by RBI (Reserve Bank of India) to take over borrower NPA account liability from a previous bank/NBFC and give repayment in the shape of EMIs for the next four to five years. This loan can be paid directly to the previous bank on behalf of the borrower to close the NPA account completely. All the securities/collateral will come to this new lender. This new loan directly depends upon the financial health of the client’s business and collateral in the previous bank and any additional collateral offered. A good cash flow in the balance sheet gives confidence to new lenders to finance & ample collateral coverage usually 2x collateral is preferred. Clients get benefits in the following ways:
NPA Solutions
Every NPA account borrower requires solutions to get rid of NPA issues to save their precious properties from the bank, regain their business strength, and enjoy standard banking facilities necessary for business.
So, we offer the following solutions to help borrowers close their NPA accounts successfully and restart their financial life.
NPA Restructuring helps clients to regain the full potential of their fund-based & non-fund-based loan facilities and manage their finances in a better way. Restructuring an NPA account is one of the best solutions to avoid the complexity of an NPA account as it reschedules the payment tenor & method while remaining serviced to the bank. NPA Account restructuring and corporate Debt Restructuring are widely supported by the RBI-Reserve Bank of India, which can be accessed through the following links:
https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12185&Mode=0
https://rbi.org.in/upload/notification/pdfs/67158.pdf
We offer an NPA restructuring facility for clients who have issues repaying their previous running loans and cannot get a fresh loan from the conventional banking system.
We provide finance for the NPA loan takeover through which borrowers’ existing NPA account liability is transferred to one of our associated lenders & a new repayment plan is offered. This NPA loan takeover or transfer provides the following benefits to the borrower:
Fund Source India is the most trusted NPA Finance company dedicated to clients under Stress or NPA status and facing legal issues with banks & they are now looking for finance to come out of this Stress situation and further excel in their businesses.
With the help of our NPA Finance services, clients can convert their NPA account into a normal account and get a fresh financial restart for the borrower. Our services enable you to regain control of your finances and focus on your business expansion.
Our rich experience and deep knowledge of the subject make us a leader in the NPA Funding company in India. Our previous track record and industry connections for resolving stress accounts give confidence to our clients. We offer a wide range of services to cater to the needs of our clients & to help them to come out of stressful situations and excel in business.
We also provide private finance to close borrowers’ NPA accounts and get rid of the NPA status & safeguard precious properties. Our private finance facility is provided against the borrower’s existing collateral in the bank or any free property offered. We can pay directly to the bank and take over the collateral.
When a borrower defaults on his monthly repayment & this stops generating income for the bank then the bank classifies this particular defaulted loan account as a Non-Performing Asset (NPA). Also as per RBI policy any account that defaulted on its repayment equivalent or more than 90 days, that account considered as a non-performing asset.
Banks & other financial institutions are equipped with the Sarfaesi Act which empowers them to recover their Non-Performing assets or loans effectively without obtaining permission from legal courts.
The Sarfaesi Act enables banks & financial institutions registered under RBI to sell or auction the borrower’s properties/assets in the event of default to recover their loan without any intervention from the courts.
The Sarfaesi Act only applies to secured loans & agriculture properties/land does not fall under this act. An order from the court is not required for the selling or auction of collaterals so the bank can liquidate collateral via the auction process in a shorter period of time. Bank reduces their NPA ratio by enforcing the Sarfaesi Act.
Our process is designed to be simple and efficient:
“With the help of your company, we easily obtained NPA Finance without any difficulty. We appreciate your efforts in procuring the loan amount. Great work.”
– Ajay Chawla, Chawla Printers Pvt Ltd, New Delhi
“One of the most prominent companies, as we had been stuck for the last two years with our bank. Fund Source helped us secure NPA Finance within a short period, providing timely assistance to resolve our financial challenges. Thank you, Fund Source, for your prompt help.”
– Brijesh Shukla, Rajhans Fertilizers Ltd, Indore
Don’t let financial burdens hold you back. Contact us today to schedule a consultation and take the first step towards a debt-free future.
Reach out to Vineet Kumar, our Financial Expert, at +91 9810218215 or vineet@fundsource.in. Connect with Vineet on LinkedIn to stay updated with expert insights.
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)
