Loan Procedure & Requirements
Red Fort Capital Finance
Telegram Group Links | Join, Share
!Shubh Shuruaat Start Pay ke Sath!
| Loan Amount: | Rs. 1 Crores – Rs. 10 Crores |
| Tenure: | 12 to 60 months |
| Purpose: | • Business Loans • Equipment & Machinery Loans • Working Capital Loans • Last Mile Financing |
| Interest Rate: | 18 % - 24 % p.a. compounded annually |
| Processing Fees: |
2.75% of the loan amount (Includes legal documentation fees, audit fees) |
| Due Diligence Fees: |
1.75% of the loan amount + travel cost Note: Processing & Due Diligence fees will be deducted from the loan amount before disbursement. Note 2: Stamp Duty needs to be paid by the borrower at time of mortgage |
| Security: | Collateral cover of at least 2-3x of loan amount which includes Land, Commercial Property or Residential Property + Receivable cover + Personal Guarantee |
| Others: | We offer flexible EMI options and moratorium period based on the borrower requirements. |
List of Documents Required
1. Profile of the company including promoters
2. Last 3 years financials – Audit Reports
3. KYC Documents (Pan/GST Certificate/ Udhyam certificate of the Company,
Pan & Aadhar of Promoters)
4. ITR, 26AS forms of the last 3 years
5. Outstanding Loans & EMI details– Sanction Letters, Statement
6. Bank Account Statement of the previous 2 years
7. Monthly Cash Flow Statements for the next 12 months
8. Projected cash flow statements for the next 3 years
9. Breakdown of the usage of the loan amount
10. Monthly GST Returns for the last 2 years
11. Collateral Details – Sale Deed, Valuation Report, Title Check Report
12. Net Worth Certificate of Promoters – Certified by CA
13. Debtor & Creditor aging (as of last financial year and as on date)
14. Sales ledger & Purchase ledger for last 2 years
The details contained in this document is subject to due diligence and final loan term sheet will be given after meeting our eligibility criteria. Other T&Cs mentioned on our website will be also applicable.
!Shubh Shuruaat Start Pay ke Sath!
बिजनेस प्रूफ बिजनेस लोन लेने के लिए जरूरी डॉक्यूमेंट - A
Unsecured MSME Business Loan
Loan Eligibility Criteria Documentation Required
Bank Loan Knowledge Return Home Page
Start-Pay-YouTube
startpayonline.com/loan Return Home Page
STARTPAYONLINE
Check Cibil Score Online & Get Your Credit Report For Free
Telegram Group Links | Join, Share
Terms & Conditions apply*