Offerings

FINANCING SMEs

Financing collateral free Business Loans to credible SMEs as Working Capital Term Loan. Collateral free business loan in 48 hours caters to the sudden needs of growing SME businesses.

For FAQ on Business Loan refer below.

 

FINANCIAL SERVICES

  • Project Advisory
    • Bankable Project Report for Raising Debt
    • Information Memorandum for Raising Equity
  • Project Finance
    • Term Loan and Working Capital Facilities
    • (Fund Based and Non-Fund Based Limits)
  • Working Capital
    • For Executing Work Orders
    • Finance against receivables up to 180 days
  • Restructuring
    • By Debt Restructuring
    • Identifying Joint Venture / Alliance Partner
    • Distressed Assets Solutions
  • Equity Raising
    • At Appropriate Valuation
    • Timely Equity Infusion

 

FAQ on BUSINESS LOAN

1. Offerings by Gavde Finance?
Gavde Finance Pvt. Ltd. is a RBI registered NBFC based in Mumbai, operating more than 20 years, providing financial services and financing to credible SMEs.
2. Why Gavde Finance?
Gavde Finance provides collateral free business loan for SMEs with little paperwork and within 48 hours of submission of all documents / information.
3. Eligibility Criteria
The credible SME applicant must be based in Mumbai with turnover of minimum Rs. 25.00 crores with profitable track record & good credit rating.
4. Quantum of loan amount?
From Rs. 25 Lacs to Rs. 50 Lacs.
5. Turn Around Time (TAT) for sanction?
48 hrs from submission of all documents / information.
6. Documents required for business loan?
Minimal documentation to process your application,

  • Financials of the last 3 years.
  • KYC documents of the company and the directors.
  • Bank statement of last 6 months
  • GSTN Returns

*Additional Documents may be required.

7. Repayment Flexibility?

  • By bullet repayment at the end of period of loan.
  • Two six monthly / yearly installments.‌

8. Rate of Interest on collateral free business loan?
The Interest rate charged is competitive i.e. @ 18.00 % per annum to be paid quarterly at the end of each quarter.
9. Mode of payment of Interest or repayment of Principal?
Repayment by Cheque / NEFT / RTGS.
10. Period of loan?
Period / duration of loan tenure from 12 months upto 24 months
11. Any processing fees?
Processing fees @ 1% plus GST is applicable on sanctioned amount.
12. Any pre-closure charges?
There is a 6 months lock in period for the interest amount. The borrowers have option to pre-closure the loan account by paying entire outstanding amount i.e. principle plus interest after 6 months from the date of disbursement without any pre-closure charges subject to 15 days advance notice of pre-closure given.
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13. Any late payment Fees?
The borrower is required to pay late Payment fee @ 6.00 % per annum as penalty in addition to regular interest.