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Promoter Funding Share

Bank Name Min Interest Rate Processing Fee Max Loan (Lacs) Max Tenure (Month) Forclosure Charge Chances of Loan Approval
9.00% 2% 80 240 5%
18.00 % 2 % 12 240 2%
Apply Now EMI Calculator Eligibility Criteria Documents Check List FAQs
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₹ 50L
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Loan EMI

Total Interest

Total Payment

Eligibility Criteria

What you mean by Promoter funding against share Eligibility Criteria?

As a promoter of company, you always want to grow your business, where this facility allows you to grow fund easily in short time period. Promoter funding is generally used by promoters to grow their business, converting securities into equity shares. There are few criteria you need to look forward to avail this facility.

Promoter funding Eligibility Criteria

Eligibility Criteria depends on several factors like age of individual, repayment history, business sales/turnover, total work experience & Creditworthiness ...etc.

Eligibility Criteria for Self-Employed Individuals

  • • Age Limit of Self –Employed Individuals - 25 to 60
  • • Applicant must be resident of Indian
  • • Must have credit score above 750

Note: - As a minimum loan amount you can avail 2 Cr to maximum loan amount of 10 Cr.

What are the factors generally affecting Promoter funding against share Eligibility Criteria?

There are few factors that generally affects Eligibility Criteria as given below: -

Applicant age: - If you are 30 years old at the time of getting loan then you have enough time period to pay back the loan as your working days will be longer. But if you are near to your retirement age then you lose lowering your eligibility as you working days are very less to repay loan amount, hence lender will not prefer you give approval for loan.

Lower Income: - Your income indicates your repayment capacity. If you already having existing loan then, debt to income ratio will calculated by lender that you have enough capacity to repay another loan or not. So, it might lower chances.

What are the ways to increase Promoter funding against share eligibility?

To increase Promoter funding against share eligibility, you need to consider points as given below, this will aid you in increasing your eligibility level.

Add collateral: - Lender need trust from his/her applicant is capable to repay loan, in this scenario if you add your collateral/assets lender trust level increase that if applicant fails to pay back the loan amount, collateral is enough to auction to match the loan amount as it will your chances of loan approval.

Extra importance of payment: - As you know lender check your credit score to know your previous transaction history. Therefore, always give extra importance of payment while taking place in time or not. A clean & clear repayment indicate your sincerity of payment making on time as well as enhance your chances.

Documents Required

INDIVIDUAL
  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. LOAN SCHEDULE & SANCTION LETTER (IF RUNNING)

  7. COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS

  8. PROCESSING FEE CHEQUE IN FAVOUR OF BANK

  9. LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER

PROP FIRM
  1. PHOTOGRAPH BOTH

  2. PAN CARD CLEAR COPY PROPRIETOR

  3. ADDRESS 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. IRM 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. AGREEMENT TO SELL COPY

  13. PROPERTY PAPERS WITH CHAIN SANCTION MAP

PARTNERSHIP FIRM
  1. PHOTOGRAPH PARTNERS

  2. PAN CARD - COMPANY, ALL PARTNERS

  3. ADDRESS PROOF - ALL PARTNERS (PASS PORT, VOTER I PAN CARD, ADHAAR)

  4. FIRM ADDRESS 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

PVT.LTD
  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 ORDER IN HAND AND COMPLETE COPY (IF APPLICABLE)

  6. GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE

  7. 1 YEAR GST RETURNS

  8. ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS

  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

FAQs

Frequently asked questions (FAQ) pages are Q&A-style pages that most brands build to answer queries that slip through the cracks. FAQs are targeted to give a complete sense of query satisfaction to the client.

What is Promoter Funding Share shares?

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The Promoter Funding Share is a financial provision given by banks and NBFCs to promoters of a company.

Why should I take Promoter Funding Share?

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There are some benefits of Promoter Funding Share like it is easy to apply on low Rate of Interest with minimal paper work.

How much amount can I take for Promoter Funding Share?

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The minimum amount of Promoter Funding is up to 25 lakhs.

How can you apply for Promoter Funding Share?

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If, you want to apply for Promoter Funding Share firstly, you have to download the application form and fill all necessary details given in in the form then attach documents with the application form which is required for that and wait for the approval.

Who is eligible for Promoter Funding Share?

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  • Your Age should be 25 to 60 years
  • Applicant must be resident of Indian
  •  Must have good credit score or above 750.

What is the purpose of Promoter Funding Share?

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The Promoter Funding Share used for meeting several needs such as acquisitions, takeovers, and expansion of business.

Is collateral is required for Promoter Funding Share?

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Yes, collateral security is requiring for Promoter Funding Share.

How many types of Promoter Funding Share are available?

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There are almost 6 types of Promoter Funding Share as given below: - 

  • Professional Promoters
  • Occasional Promoters
  • Financial Institutions
  • Entrepreneurial Promoters
  • Technical firms as promoters
  • Government as a promoter

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