Project Funding in USD or EURO
A -The minimum project cost should be not less than 50 Million US Dollars.
B -The Borrower should have 20% of the total project value as his margin money. This 20% should be blocked in a Prime Bank for a period of 2 years in Lender favour.
And its returnable Guarantee given by the borrower, Lender will process the funding on receipt of the Security Guarantee. The collateral is given by the borrower only after the project is completed.
The 20% Security Guarantee remains in the borrowers own bank and is not transferred to the Lender as cash and this point will be mentioned in the contract that will be produced after the initial package of documents are received.
C -The Lender will provide 100% finance and Funding will start in 60 days and the finance will be distributed in various stages at each level (s) of implementation.
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Repayment plan: within 10 years after the Borrower receiving 100% finance and the first 2 years is holiday period.
From the 3rd year onwards the principal amount along with the interest should be paid every quarterly.
Interest: only 5%. And the first year is given free of interest. Interest should be paid quarterly starting from the 13th month onwards.
Procedure:-
The Borrower should furnish the following documents
1) Client Information Sheet with the Company (Borrower) profile and directors details.
2) Board Resolution for acceptance of Loan and nomination of Authorised signatory director with his Passport copy (in Colour) .
3) Summary of Project Feasibility Study (Not more than 5 to 6 pages) with all the necessary project documents ( Project land register certificate , Project official permeation & approval , Project drawing master layout )
4) Letter of Intent to be in the Lender name .
5) Non-Solicitation Letter to be in the Lender name .
6) RWA Letter ( Details of 20% Security Guarantee on the Borrower letter head ) .
7) In case of existing company for expansion / new project, 3 years audited balance sheet along with bank statements Lender does due diligence within 4-5 Banking days maximum and confirms acceptance by countersigning the application and returning it with brief contract confirming the details of funding and its terms and conditions.
After signing of contract and within 3 working days the Borrower will block the 20% Security Guarantee in his Bank, this bank will issue MT 760 to the Lender’s bank.
Meanwhile an authorised representative of the Funded will take an inspection on the project site, meet the directors, evaluate the project details and valuate the collateral security offered.
Funding will start in 60 days.
NB: It is the responsibility of the borrower to get clearance, all licenses as applicable in the Law of their country, the cost of which can be included in the project.
OUR SERVICE CHARGES: 5% OF THE GROSS AMOUNT SANCTIONED WHICH IS TO BE PAID AFTER THE FUNDS ARE IN THE BANK, BUT BEFORE THAN THAT WE NEED EITHER THE WRITTEN AGREEMENT FOR THE SAME OR LETTER FROM THE BORROWER BANK WITH POST DATED CHEQUE.
B -The Borrower should have 20% of the total project value as his margin money. This 20% should be blocked in a Prime Bank for a period of 2 years in Lender favour.
And its returnable Guarantee given by the borrower, Lender will process the funding on receipt of the Security Guarantee. The collateral is given by the borrower only after the project is completed.
The 20% Security Guarantee remains in the borrowers own bank and is not transferred to the Lender as cash and this point will be mentioned in the contract that will be produced after the initial package of documents are received.
C -The Lender will provide 100% finance and Funding will start in 60 days and the finance will be distributed in various stages at each level (s) of implementation.
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Repayment plan: within 10 years after the Borrower receiving 100% finance and the first 2 years is holiday period.
From the 3rd year onwards the principal amount along with the interest should be paid every quarterly.
Interest: only 5%. And the first year is given free of interest. Interest should be paid quarterly starting from the 13th month onwards.
Procedure:-
The Borrower should furnish the following documents
1) Client Information Sheet with the Company (Borrower) profile and directors details.
2) Board Resolution for acceptance of Loan and nomination of Authorised signatory director with his Passport copy (in Colour) .
3) Summary of Project Feasibility Study (Not more than 5 to 6 pages) with all the necessary project documents ( Project land register certificate , Project official permeation & approval , Project drawing master layout )
4) Letter of Intent to be in the Lender name .
5) Non-Solicitation Letter to be in the Lender name .
6) RWA Letter ( Details of 20% Security Guarantee on the Borrower letter head ) .
7) In case of existing company for expansion / new project, 3 years audited balance sheet along with bank statements Lender does due diligence within 4-5 Banking days maximum and confirms acceptance by countersigning the application and returning it with brief contract confirming the details of funding and its terms and conditions.
After signing of contract and within 3 working days the Borrower will block the 20% Security Guarantee in his Bank, this bank will issue MT 760 to the Lender’s bank.
Meanwhile an authorised representative of the Funded will take an inspection on the project site, meet the directors, evaluate the project details and valuate the collateral security offered.
Funding will start in 60 days.
NB: It is the responsibility of the borrower to get clearance, all licenses as applicable in the Law of their country, the cost of which can be included in the project.
OUR SERVICE CHARGES: 5% OF THE GROSS AMOUNT SANCTIONED WHICH IS TO BE PAID AFTER THE FUNDS ARE IN THE BANK, BUT BEFORE THAN THAT WE NEED EITHER THE WRITTEN AGREEMENT FOR THE SAME OR LETTER FROM THE BORROWER BANK WITH POST DATED CHEQUE.