Funding Available against collateral in third party collateral use is the best options for new project funding as well as solutions for NPA Solutions.
LOAN SHARING BASIS: 50-50
Terms and conditions from company/borrowers side:
- All induction charges in a company will be bear by company only.
- All Bank expenses will be bear by company only.
- All traveling expenses will be bear by company only for collateral owner + 2 persons.
- Half of the all above expenses, the company can deduct from the disbursement amount.
Terms and conditions from My side:
- Our commission will be 2% of the loan amount used by the collateral owner.
- Work will start after the token fees of Rs. 11000 non refundable, further can be adjusted from our commission on disbursement.
- Funding time will 45 to 90 days after complet set of documents provide by owner of collateral.
- Meeting will be done with the collateral owner in our office only.
- Loan arrangements will be done by company only.
- Can the company get independent valuation done for the provided collateral as well ?
Ans: yes sure
- In the 50-50 agreement , Will the third party pay to the 1st party the EMI or directly the source of funds
Ans : will pay the EMI to first party.
Manjeet Singh Sandhu