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NBFC Funding @ 10.00% Onwards

Bank provide financial assistance in the form of Working Capital Limit and Term Loans to Non-Banking Finance Companies (NBFCs) that includes Housing Finance Companies (HFCs), Infrastructure Finance Companies (IFCs) and Asset Finance Companies (AFCs). The NBFC should comply with RBI norm. NBFC should be aligned to either a leading business group or to a Bank in one of the following ways :- - Bullet NBFC being a subsidiary or associate of a large business group or a bank. - Bullet Bank or FI's having strategic investments in the NBFC or NBFC having a firm tie up with a Bank / Industry leader for marketing and new businesses.
Enquiry Form
NBFC funding
Bank Name Interest Rate Range (%) Processing Fee Max Tenure
Small Industries Development Bank of India (SIDBI)
9.00% - 12.00%
1 %
60
State Bank of India
8.00% 12.00%
1.00%
60
Bank Name Key Features
Small Industries Development Bank of India (SIDBI)
Interest rate

9.00% - 12.00%

Max tenure

60

State Bank of India
Interest rate

8.00% 12.00%

Max tenure

60

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Documents Required

  • Individual
  • Prop Firm
  • Partnership Firm-LLP
  • PVT. LTD.
  1. Photographs 2
  2. PAN Card Copy
  3. AADHAR CARD + PASSPORT
  4. ADDRESS PROOF IF RENTED ALSO REQUIRED PERMANENT ADDRESS PROOF
  5. LAST 3 YEARS FORM -16, ITR WITH COMPUTATION OF INCOME IF FILE
  6. LAST 1 YEAR BANK STATEMENT - SALARY ACCOUNT
  7. LOAN SCHEDULE & SANCTION LETTER (IF RUNNING
  8. COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS
  9. PROCESSING FEE CHEQUE IN FAVOUR OF BANK
  10. LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER
  11. LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER
  1. PHOTOGRAPH BOTH
  2. PAN CARD CLEAR COPY PROPRIETOR.
  3. ADD PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR.
  4. OFFICE ADDRESS PROOF LATEST. (ELECTRICITY BILL, TELEPHONE BILL)
  5. FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
  6. LAST 1 YEAR GST RETURN COPY
  7. FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE
  8. PROVISIONAL FINANCIAL AY 2019-20
  9. BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED.
  10. 6 MONTH SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)
  11. IF RUNNING ANY LOAN PLEASE PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULED
  12. PROPERTY PAPERS WITH CHAIN SANCTION MAP
  1. PHOTOGRAPH PARTNERS
  2. PAN CARD - COMPANY, ALL PARTNERS
  3. ADD PROOF - ALL PARTNERS (PASS PORT, VOTER I CARD ,PAN ,ADHAAR)
  4. FIRM ADD PROOF- LATEST ANY UTILITY BILL.
  5. PARTNERSHIP DEED COPY
  6. GST CERTIFICATE
  7. GST Return last 1 years
  8. 3 YEAR COMPANY ITR COI P/L A/C BALANCESHEET + AUDIT REPORT 3CB 3CD, ALL ANNEXXURS, SCHEDULED WITH C.A.CERTIFIED.
  9. PROVISIONAL FINANCIAL AY 2019-20
  10. 3 YEAR.ALL PARTNER INDIVIDUALS ITR + COMPUTATION
  11. . FIRM ALL A/C BANK STATEMENT 1 YEAR UPDATED
  12. ALL PARTNER SAVING A/C STATEMENT 6 MONTH.
  13. IF RUNNING ANY LOAN – LATEST SANCTION LETTER + TRACK RECORDS OR REPAYMENT SCHEDULED.
  14. Agreement To Sell copy
  15. PROPERTY PAPERS COMPLETE CHAIN WITH MAP
  1. ALL DIRECTORS PHOTOGRAPH
  2. CLEAR PAN CARD - COMPANY AND ALL DIRECTORS.
  3. ADDRESS PROOF – COMPANY AND DIRECTORS.
  4. LIST OF DIRECTOR & SHARE HOLDER WITH CA CERTIFIED AS ON DATE
  5. MEMORANDOM
  6. ORDER IN HAND AND COMPLETE COPY (if applicable)
  7. GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE.
  8. 1 YEAR GST RETURNS
  9. LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE.
  10. PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR
  11. COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED.
  12. ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH.
  13. IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED.
  14. AGREEMENT TO SELL COPY
  15. PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP
Frequently Asked Questions

Q.1: What is Non-Banking Financial Company (NBFC)?

.: NBFC is a Non-Banking Financial Company which the principal business of which is:

  • lending money or
  • investing in shares/stocks/bonds/debentures or
  • leasing hire purchase, or
  • doing an insurance business, chit business or

Receiving deposits under any scheme or arrangement

Q.2: What are the types of Non-Banking Financial Company (NBFC)?

Ans.: There are 2 types of NBFC’s, and they are:

  • Deposit-taking NBFC’s.
  • Non- Deposit taking NBFC’s.
  1. Deposits Taking Non-Banking Financial Company (NBFC): There are mainly three types of the deposit accepting NBFC’s they can be explained as under:
  • Loan companies,
  • investment companies,
  • asset finance companies.

There are some criteria’s which are required to be fulfilled by depos

Q.3: Is every business is allowed to carry on the business of NBFC?

Ans.: The following business cannot be registered as NBFC:

  • Any institution whose principal business is of agriculture.
  • Or any business who is engaged in industrial activity.
  • Or any institution which is engaged in purchase or sale of any goods (other than securities).
  • Or which is providing any services.
  • Or which is engaged in sale/purchase/construction of immovable property.
  • Or any other company whose principal business is receiving deposits under any scheme or arrangement in one lum
Q.5: What are the requirements to register as an NBFC?

Ans.: As per the rules & regulations of Finance Seva “No company can commence the business of NBFC unless it has obtained the certificate of registration and having a net owned fund of Rs. 2 Crore”.

For registering as an NBFC an application to the Regional Office of RBI should be made along with the required documentation.

Q.6: What are the reasons for the growth of NBFC?

Ans.: Reason for the growth of NBFC:

  • NBFC has the ability to understand the customer’s profile and offer the best product according to the customers need.
  • They offer the competitive interest rates.
  • Provide flexible repayment scheme and extended loan tenure.
  • A minimum number of documents are required at the time of providing financial assistance as compared to banks.

Loan seekers have flexible eligibility criteria

Q.: What is the time period for which NBFC can accept deposit?

Ans.: A time period has been provided regarding the maximum and minimum time limit for which NBFC can accept deposit.

Minimum time period: 12 months.

Maximum time period: 60 months.

It is the discretion of deposit accepting NBFC that it can pay back the amount of deposit before its maturity period but such deposit cannot be paid back before 3 months from the date of its acceptance.

If the deposit is paid back after 3 months but before 6 months of its acceptance no interest will be

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