funding

funding2019-03-11T11:20:56+00:00

Business loan in Delhi NCR

Expansion of business leads to arrangement of funds. External funding to business can be made from Banks, Financial institutions.
Due to increasing Non performing assets of banks, banks have stricted their norms in financing loans which now needs more compliance in disbursement procedure.
iNext have such experts which have thorough and comprehensive understanding of norms in getting loan. We can help you in disbursment of loan from banks or financial institutions with least difficulty

About Business Loan:
  1. As per the requiremnt of your industry, short-term financial lending has been particularly designed
  2. Requirement of loan for routine activities or any kind of demand”
Who Can Avail:

For diversification and growth of business, entities that can avail the services of iNext in getting finance:

  1. Proprietorship
  2. Partnership
  3. Private and public limited Companies
  4. LLP

iNext will help you to get finance from well knowned banks and NBFC in Delhi and all over the India.”

Credit Availment Procedure:
  1. Credits can be availed in the form of unsecured loans in which no collateral or guarantee is required
  2. These type of loan are offered on profitability and feasibility of trade
  3. loans and advances are provided on turnover and Income tax return.
  4. Anyone can apply for business advances irrespective of nature and constitution of business

“We believe that if there is immediate requirement of funds, Loan is a master key which paves the way for:

  • Business expansion
  • Purchasing fixed assets
  • Technological improvisation
  • Capital needs or any other short-term requirements.”
iNext Services:

We can help you to expand your business with unsecured loans from Rs. 10 Lakhs to 5 Crores for your various requirements related to your business
Our experience in this field will help you in getting finance with reasonable finance cost.

Loan: A step towards prosperity of Business:
  • Ease in Documentation
  • Speedy Loan Disbursement process
  • Competitive Interest Rate
  • collateral /Guarantee free Loan Processing
  • Flexibility in Repayment options
  • The convenience of doorstep services
  • A customised solution for MSME Business Need
Overview:
  • Depending on your requirement and eligibility, subvention upto 5 cr.
  • General variation in tenure of Loan will from 1 Year to 5 Year
  • Collateral/Guarantee Free Loan
  • Option of Pre-payment
Eligibility:
  • Minimum age limit is 21 Years & Ceiling limit on age is 65 Years
  • Business vintage: Minimum 3 Years; In same Industry: At least 5 Years
  • Audited Financial subject to availability
  • Bank Statement
  • Proof of Business required
Documentation:

Each bank or financial institutions have their specific requirements, criteria & eligibility factors.

KYC(depending upon Legal Constitution of Business):
  • PAN Card of Individual/Partnership Firm/Partners/Company/Directors
  • Identity Proof(Aadhaar/Voter id/ Driving License/Passport
  • Address Proof(Voter ID / Driving License / Passport / Telephone Bill / Electricity Bill / Registered Lease Deed or Sale Agreement / Bank Statement/Aadhaar Card)
  • Photograph(Passport Size)
  • Business operation Proof
In case of Proprietorship:

Financial:

    • Latest audited ITR and financials alongwith notes to financial for the last 3 years
    • Computation of Income

Bank statements of Proposed Borrower:

  • Last 6 months and
  • 3 months of all other bank accounts mentioned in the Balance Sheet.”
For Partnership Firms

Financial:

  • Latest audited ITR and financials alongwith notes to Finsncial for the last 3 years
  • “Bank statements of Proposed Borrower:
  • Last 6 months and
  • 3 months of all other bank accounts mentioned in the Balance Sheet.”

Partnership Deed and partnership authority letter for partnership firms.

In case of Company::

Financial:

  • Latest audited ITR and financials alongwith notes to financial for the last 3 years
  • ” Bank statements of Proposed Borrower:
  • Last 6 months and
  • 3 months of all other bank accounts mentioned in the Balance Sheet.”
  • Memorandum and Articles of Association and Board Resolution from the company.
  • Certificate of Incorporation (COI) for companies.
  • Latest shareholding patterns for Private Ltd. / Public Ltd. companies

A Brief About Loan Against Property:

A loan against property (LAP) is exactly what the name signifies. It is a loan given against a residential or commercial property that you own and offer as security to the bank/lender. The property’s market value is assessed and the loan is given as a certain percentage of the property’s current market value. The loan amount typically ranges from around 40 per cent to 60 per cent of the market value.

Few Points for understanding:

LAP is a unbounded credit wherein the disbursement of amount is in the name of the borrower and the end-usage is ungoverned from lender.
“Secured advance and usage of money is independent from specified purpose. Some examples for more clarity:

  • For Business Expansion
  • Education of Children
  • Marriage Expenses
  • Buying any asset
  • Life’s Necessities
  • Other Legal Purpose”

Due to it’s nature of versatility, application of Loan can be made through iNext: From all over India
Type of Properties that can be mortgaged to avail credit at competitive intererst Rate:

  • Residential Property
  • Commercial Property
  • Industrial Property

Interest Rate on Loan Against Property:
interest rate on LAP depends on type of property that proposed to be mortgaged.
Types of Interest Rate:
• Fixed rate of Interest:
Same during the tenure of loan.
Floating rate of interest:
Change in interest is subject to RBI guidelines.
Why fluctuation in Interest rate:
“Have a direct relationship with the Marginal Cost of Funds based Lending Rate(MCLR) which are not fixed. Intimation of change in interest rates are published on :
• Newspaper
• Lender’s Bank
• NBFC’s website”
Significant Points on Loan Against Property:
• On an average tenure of advances are generally 5 to 15 years
“• Loan Disbursement amount:
• Up to 60% of the market value of the property
• Determined by officials and experts from the bank”
• For best deals in terms of interest rate disbursement amount, sometimes you may have to wait.
• Speedy Disbursement of Loan
• Guide with the market value of property to discharge any instant obligation without any hassles.
Steps to apply for Loan Against Property:
• Visit the site :iNextindia.com/LAP
• Fill in your personal details and loan requirements
• Click on Apply
Now you will find out best possible loan against property with competitive intererst rate
Why iNext:
In today’s environment, we came across many scams which was related to default in repayment of loan. Due to these factors, there was an adverse impact on performing assets of bank. To mitigate these defaults, RBI have stricted their norms depending upon types of loan.
Delhi NCR which includes Gurugram, Noida, Faridabad are the head office of many banking sectors.
Our understanding of banking norms will help you in getting finance with all legal compliances with least difficulty.
ou strive to seize every opportunity and often lack of funds becomes a hindrance in achieving your goals. iNext can help you in Loan against the property to enable you to unlock the power of your property. You can mortgage your residential, commercial or Industrial property to get a loan & meet all your financial requirements
Overview:
“• Loans against:
• Residetial Property
• Commercial Property
• Industrial Property & Land”
• You can avail Loans ranging from Rs. 1CRORE to Rs. 100 Crores.
• Understanding of iNext in financial sector can help you in: Loans up to 100% of the property value
• Speedy processing with minimal documentation
• Competitive interest rates and EMI
• Flexible repayment tenure up to 15 years
• Takeover of Existing loan with additional finance
Eligibility:
• Eligible Persons: Indian citizen with residential status resident.
• Minimum age limit: 21 Years
• For repayment capacity, income proof is required to be submitted
“• Impact of credit history on LAP:
There shouldn’t be any adverse remarks like suit filed write off on both loans and cards.”
• Business should be profit making because it will create an impact on repaying capacity.
• Minimum of three years in business, with atleast 2 years in same line of business is necessary.
Documentation:
Each bank or financial institutions have their specific requirements, criteria & eligibility factors.
KYC(depending upon Legal Constitution of Business):
• PAN Card of Individual/Partnership Firm/Partners/Company/Directors
• Identity Proof(Aadhaar/Voter id/ Driving License/Passport
• Address Proof(Voter ID / Driving License / Passport / Telephone Bill / Electricity Bill / Registered Lease Deed or Sale Agreement / Bank Statement/Aadhaar Card)
• Photograph(Passport Size)
• Business operation Proof(
In case of Proprietorship:
Financial:
• Latest audited ITR and financials alongwith notes to financial for the last 3 years
• Computation of Income
“• Bank statements of Proposed Borrower:
• Last 6 months and
• 3 months of all other bank accounts mentioned in the Balance Sheet.”
For Partnership Firms
Financial:
• Latest audited ITR and financials alongwith notes to Finsncial for the last 3 years
“• Bank statements of Proposed Borrower:
• Last 6 months and
• 3 months of all other bank accounts mentioned in the Balance Sheet.”
Partnership Deed and partnership authority letter for partnership firms.
In case of Company::
Financial:
• Latest audited ITR and financials alongwith notes to financial for the last 3 years
• Computation of Income
“• Bank statements of Proposed Borrower:
• Last 6 months and
• 3 months of all other bank accounts mentioned in the Balance Sheet.”
•Memorandum and Articles of Association and Board Resolution from the company.
•Certificate of Incorporation (COI) for companies.
•Latest shareholding patterns for Private Ltd. / Public Ltd. companies

Overview:

Home is a place where you cultivates a happy environment. It is truly a place of comfort—not only physical comfort but mental comfort and the comfort of knowing that you are at home.
To possess home is a dream come true which joint all of us.

Properties In Delhi:
To buy a property in Delhi needs a huge investment. Sometimes even after accumulating money, buyers falls short of funds which comes as hindrance in dream comes true for such buyers.
Property price in Metro city like Delhi are soaring. To make your dream come true, Home loan services are the best way.

A Brief About Home Loan:

People generally take a home loan for either buying a house/flat or a plot of land for construction of a house or renovation, extension and repairs to the existing house or renovation, extension and repairs to the existing house.
The property is mortgaged to the lender as asecurity till the repayment of the loan. The bank or financial institution will hold the title till the loan has been paid back in full.

About iNext:

Self managing of all things to reach at par with the eligibility criteria for getting home loans from banks or financial institutions along with other works might seem cumbersome.
As a home loan service provider, we can make it a easy task for you.
iNext is one such best home loan services in India, who can help you in acquiring the home loan with ease in repayment options.
“Home loans consist of:
•An adjustable or fixed interest rate
• Adjustable Payment terms”
Service providers for home loan in Delhi have expanded magnificently but experience and expertise of iNext in this field is peerless.
An Overview:
• Loans are granted upto Rs. 5 cr.
• The loan tenure generally varies from 1 year to 5 years
• No collateral or guarantor required
• Minimum documentation
• Prepayment options available.

Eligibility:

• Minimum age limit is 21 Years & Ceiling limit on age is 65 Years
• Business vintage: Minimum 3 Years; In same Industry: At least 5 Years
• Audited Financial subject to availability
• Bank Statement
• Proof of Business required

Documentation:

Each bank or financial institutions have their specific requirements, criteria & eligibility factors.

KYC(depending upon Legal Constitution of Business):

• PAN Card of Individual/Partnership Firm/Partners
• Identity Proof(Aadhaar/Voter id/ Driving License/Passport
• Address Proof(Voter ID / Driving License / Passport / Telephone Bill / Electricity Bill / Registered Lease Deed or Sale Agreement / Bank Statement/Aadhaar Card)
• Photograph(Passport Size)
• Business operation Proof

In case of Proprietorship:

Financial:
• Latest audited ITR and financials alongwith notes to financial for the last 3 years
• Computation of Income
“• Bank statements of Proposed Borrower:
• Last 6 months and
• 3 months of all other bank accounts mentioned in the Balance Sheet.”

IFor Partnership Firms

Financial:
• Latest audited ITR and financials alongwith notes to Finsncial for the last 3 years
“• Bank statements of Proposed Borrower:
• Last 6 months and
• 3 months of all other bank accounts mentioned in the Balance Sheet.”
Partnership Deed and partnership authority letter for partnership firms.

About:

Car loan paved the way to buy your dream car through which you can get a bigger car at the EMI of a smaller car.
Like a mortgage loan, car loan is also a secured loan.
• Process of disbursement of car loan is speedy and less complex.
• Loan can be taken on existing car by pledging the car registration papers to financers.
Fulfillment of your Need:
• Loan offers available upto 150% of the original loan value of the car
• wide range of manufacturers and their models/variants are approved and considered
• Valuation of the car isn’t mandatory
Repayment tenure with Flexibility:
As per your repaying capacity, EMI repayment option is available upto 7 years of tenure.

Competitive Interest Rates:
Our platform can help you in availing car loan at competitive rates which will be lower than interest rate on personal loan

A note on Disbursal of Loan:
• Quick Disbursement subject to eligibility
• hassle-free disbursal

Ease in Repayment:
You can get benefitted from the low EMI repayment option due to flexibility in tenure.

An Overview:

Loan Against Card Receivables (LACR) is a facility especially for retail businesses that receive payments through customers via Debit / Credit Cards
“Nature of Business who may take this facility to boost their business by increase their cutomer base:
• Restaurants, Hotels, Garment Merchants, Jewellers, Petrol Pumps, Automobile workshops & Spare Dealers, Dealers of Electronics & Consumer Durables, Diagnostic & Medical Services.”
he Facility is offered as an unsecured overdraft (OD) or Dropline Overdraft (DLOD) to fulfill immediate financial needs for:
1. Working Capital
2. Short-term Cash
3. Business Expansion
4. Acquiring Another Business
5. Purchasing New Inventory
6. Salary Commitment
7. Vendor Payments
8. Buying New Equipment

Advantages of Loan Against Card Receivables (LACR):
1. Unsecured Loan amount raning from Rs. 5 Lakhs to Rs. 10 Lakhs.
2. Loan amount can be extended upto Rs. 300 Lakh if backed by security.
3. Attractive interest rates
4. Interest applicable only on amount utilised.
5. Net banking facility available.
6. Free cash deposit facility.

Eligibility for Loan Against Card Receivables (LACR):
Any Indian business entities whose legal constitution is:
“• Proprietorship
• Partnership
• Company”

Documentation:
1. Busines Vintage: Minimum 3 years in the same line of business and operating since 3 years or more in the same city.
2. Ownership: Proof of ownership of business/residential premises.
3. Financials: Last 3 years audited financial statements
4. Turnover: Minimum Turnover Rs. 1 Crore in the last financial year.
5. Personal Guarantee: All Partners / Main Directors and Shareholders to be required to stand as co-applicants / Guarantors to the loan.
6. Business Undertaking: Break-up of last 12 months sales / 12-month card sales done, machine wise or store wise on the letterhead of the company, self-attested by management.

Brief:

It is an unsecured loan taken by individuals from a bank or a non-banking financial company (NBFC) to meet their personal needs. It is provided on the basis of key criteria such as income level, credit and employment history, repayment capacity, etc.
Unlike a home or a car loan, a personal loan is not secured against any asset.

Overview:

Personal Loans with flexible tenure of up to 5 years
The maximum loan amount that can be availed of under this offer is Rs. 30 lakhs.
Transfer of an existing personal loan from another bank in India
No requirement of collateral/guarantor
Easy documentation, quick processing and disbursal
Home renovation or other home related expenses
Marriage expenses
Travel expenses
Transferring an existing loan from another bank
Purchasing consumer durables or equipment
Any other personal needs and contingencies

Eligibility:
Age of the applicant should be between 21-60 Years
Salaried individual with minimum income of Rs 15,000. Salary bracket would again depend on the city you live in and the company you work for. Eg. If you are in a Metro the salary requirement will be higher than non-metro and again if you are working in a top MNC the salary requirement would be lesser than one working with a startup.
Should be staying in the city for at least 1 Year
Total work experience should be at least 2 Years
You would require basic documentation such as your address proof, identity proof, latest bank statements etc

Documentation:
Three passport size photographs
ID proof Passport/voter ID/ Aadhar or drivers licence
Residence Proof Passport/ Landline bill/ post paid mobile bill/ rental agreement or Bank Statement
Pan Card copy
Age Proof  Passport/ drivers licence/school certificate or Pan Card copy
Income Proof – Latest 3 months salary slips
Banking Statement – 6 months bank statements
Job Stability & Continuity Offer Letter, Relieving Letter and Form 16

Brief:

It is an unsecured loan taken by individuals from a bank or a non-banking financial company (NBFC) to meet their personal needs. It is provided on the basis of key criteria such as income level, credit and employment history, repayment capacity, etc.
Unlike a home or a car loan, a personal loan is not secured against any asset.

Overview:

Personal Loans with flexible tenure of up to 5 years
The maximum loan amount that can be availed of under this offer is Rs. 30 lakhs.
Transfer of an existing personal loan from another bank in India
No requirement of collateral/guarantor
Easy documentation, quick processing and disbursal
Home renovation or other home related expenses
Marriage expenses
Travel expenses
Transferring an existing loan from another bank
Purchasing consumer durables or equipment
Any other personal needs and contingencies

Eligibility:
Age of the applicant should be between 21-60 Years
Salaried individual with minimum income of Rs 15,000. Salary bracket would again depend on the city you live in and the company you work for. Eg. If you are in a Metro the salary requirement will be higher than non-metro and again if you are working in a top MNC the salary requirement would be lesser than one working with a startup.
Should be staying in the city for at least 1 Year
Total work experience should be at least 2 Years
You would require basic documentation such as your address proof, identity proof, latest bank statements etc

Documentation:
Three passport size photographs
ID proof Passport/voter ID/ Aadhar or drivers licence
Residence Proof Passport/ Landline bill/ post paid mobile bill/ rental agreement or Bank Statement
Pan Card copy
Age Proof  Passport/ drivers licence/school certificate or Pan Card copy
Income Proof – Latest 3 months salary slips
Banking Statement – 6 months bank statements
Job Stability & Continuity Offer Letter, Relieving Letter and Form 16

Contact Info

iNext Solution, 78-79, 3rd Floor, Shiva Arcade, Acharya Niketan, Mayur Vihar Phase – 1, Delhi, Delhi, 110091, India

Phone: +91 11 4357 0296

Mobile: +91 93 50 514064

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