What is the interest rate and ticket size of loans from RFC?
We offer loans in the range of 18-24% and the ticket size is 1-10cr
In how many days is the loans going to get processed?
Our turnaround time is 7-10 days
What type of property can be pledged as a collateral?
We accept non-agricultural land, commercial & residential properties as collateral
What is the tenure of the loans?
The maximum tenure for the loans offered is 60 months.
What is the processing fee & due diligence fee
The processing fee is 2.5-3% and due diligence is 1.75% of the loan amount and it varies from case-case.
What are the documents required to apply for a loan?
The documents required are a) Profile of the company including promoters. b) Last 3 year Audited financials. c) ITR of the last 3 years. d) KYC Documents (Pan/aadhar of the promoters and pan/gst of the company). e) Outstanding loans and EMI details. f) GST returns of the last 2 years. g) Projected cash flows statements for the next 3 years. i) Monthly cash flow statements of the next 12 months. j) Breakdown of the usage of the loan amount.
What type of business loans are provided?
We provide Equipment and machinery loans, working capital loans, Last mile financing, Industrial project financing.
Are real-estate loans provided?
We provide last mile financing for the real-estate sector.
Do I require a guarantor to avail the loan?
Yes, personal and corporate guarantors are required to avail the loan.
Is third party collateral accepted?
Yes, we accept third party collateral.
Is the interest rate fixed or variable for loans?
Interest rate charged by us is fixed.
Is Red Fort Capital a registered lender?
Yes, we are a registered Non-Banking Finance Company(NBFC) with the Reserve Bank of India (RBI).