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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
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In how many days is the loans going to get processed?
Our turnaround time is 7-10 days
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What type of property can be pledged as a collateral?
We accept non-agricultural land, commercial & residential properties as collateral
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What is the tenure of the loans?
The maximum tenure for the loans offered is 60 months.
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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.
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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.
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What type of business loans are provided?
We provide Equipment and machinery loans, working capital loans, Last mile financing, Industrial project financing.
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Are real-estate loans provided?
We provide last mile financing for the real-estate sector.
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Do I require a guarantor to avail the loan?
Yes, personal and corporate guarantors are required to avail the loan.
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Is third party collateral accepted?
Yes, we accept third party collateral.
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Is the interest rate fixed or variable for loans?
Interest rate charged by us is fixed.
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Is Red Fort Capital a registered lender?
Yes, we are a registered Non-Banking Finance Company(NBFC) with the Reserve Bank of India (RBI).