Business Loan in Mumbai
business loan provider in mumbai
D2Finserv is a leading financial service provider based in Mumbai, specializing in offering tailored Business Loans to meet the diverse needs of entrepreneurs and enterprises. With a deep understanding of the local market and a commitment to fostering growth, D2Finserv stands out as a reliable partner for businesses seeking financial support.
What sets D2Finserv apart is its customer-centric approach, offering personalized solutions and flexible repayment terms. Whether it's a start-up looking to expand its operations or an established company in need of working capital, D2Finserv provides quick and hassle-free access to funds.
Backed by a team of experienced financial experts, D2Finserv ensures that every client receives expert guidance and support throughout the loan process. With a focus on transparency and integrity, D2Finserv has earned a reputation for excellence in the financial services sector, making it the preferred choice for businesses in Mumbai seeking reliable and affordable financing options.
How to Get Started?
To be an effective partner, we need to know you and your goals.
Key Features of the Business Loan:
- Purpose: To satisfy the financial requirements of the business, such as the acquisition of new plant and machinery, the replacement of current plant and machinery, the construction of infrastructure, the expansion of the business, and so on, in order to take the business to the next level. Working capital funding is also provided to cover the day-to-day operating costs of the firm.
- Loan amount: The loan amount is determined by the project for which financing is necessary. The evaluation is based on the firm’s vision as expressed in anticipated financial statements for the years in which the payback is established, the promoters’ profiles, expected cash flow from the business, and other considerations. For projects requiring a loan of more than two crores, the project evaluation will be completed by a team of qualified individuals from the bank’s or financial institution’s Project Finance Department (PFD). The amount will be determined based on the PFD, liquidity ratio, Debt Service Coverage Ratio (DSCR), Fixed Asset Ratio, and numerous other criteria.
- Interest: Interest rates vary per lender, based on the loan amount, the project for which money is sought, the line of activity, the company sector, and the customer’s profile.
- Security: The security is determined by the loan amount as well as the company sector.
- Typically, no collateral security is required for a loan up to Rs. 2 crores to the MSME sector. The Credit Guarantee Program will insure the debt.
- If the loan is for working capital, the major security will be the hypothecation of stocks and receivables.
- If the loan is for capital investment, the assets generated by the bank funding are hypothecated.
- Residential/commercial property will be required as collateral security.
- Agricultural property will not be accepted unless the funds are used for agricultural and related activities.
- Repayment: Working capital finance is a type of short-term financing that is granted for a period of 6 to 12 months and is renewed on an annual basis. The payback time for term loans spans from three to eight years, and up to twenty years if commercial premises are being built.
- Processing fee: The processing charge is also determined by the nature of the activity and the company sector, however it might range around 3.5% depending on the bank/financial institution.
- Prepayment charges: Some lenders do not issue prepayment penalties, while others charge 0 to 6% on the outstanding sum.