ZoukLoans Product Suite

ZoukLoans Product Suite

Loan against property It is a Secured Loan in which one's existing Property is mortgaged to raise funds from a Bank or a Financial Institution. The Best part is that the Loan is extended on the Current Market Value of the Property. Also, varied types of properties can be used such as land, Industrial property, Ware House in addition to Residential and Commercial properties. LAP can be availed for purchase of machinery, purchase of commercial property, closure of existing high-cost debts, buying a new property, child's education and any other personal, business or professional need. A take-over of existing loan with refinancing is also possible with LAP. Only 100 percent complete properties are considered for LAP. Any Person having residential or commercial property can avail LAP. There is also need of financial eligibility to repay the loan in 15 years. 3 years ITR 3 years Financials (Balance sheet and P&L), (If available) Last One year Bank Statements Property papers ID and address proofs s for LAP vary from 11% to 13%. It will take around a period of 3 weeks from origination to disbursement.

Lease Rental Discounting One can use a lease rental discounting to unleash the value locked in the asset. Rent receivables from a self owned commercial property is used as collateral for LRD. Only 100 percent complete properties are considered for lease rental discounting. The loan amount for LRD can be funded up to 70% of the market value. It is a simple Rent Discounting Product in which Loan is given by discounting the Future Rent Receivables. Any person who is owner of any commercial property and earning rental incomes from that property can avail LRD. Lease Rentals are required to be credited in Escrow A/c for the entire period of loan. Last one year bank statement showing the credits with respect to rental incomes. Last 3 Years ITR Last 3 Year Financials ( Balance Sheet and P&L), If available Rent agreement ID and address proofs s for LRD vary from 12% to 14%. It will take around a period of 3 weeks from origination to disbursement.

Project Financing Project finance is the long-term financing of infrastructure and industrial projects based upon the projected cash flows of the project. The financing is typically secured by all of the project assets, including the revenue-producing contracts. Technical, Economical and Commercial feasibility of the proposed project should be there. Projected cash flows for next 3 years. Last 3 years financials of sponsors, If available Last 3 year ITRs of Sponsors. ID and address proofs. Last one year bank statements of Sponsors. s for LAP vary from 13% to 15%. It will take around a period of 4 to 6 weeks from origination to disbursement.

Unsecured Business Loans When the borrower wants to expand its business and to run his business smoothly he needs working capital and he does not have sufficient collateral to offer, then he will go for unsecured business loan. A loan that is issued and supported only by the borrower's creditworthiness, rather than by a type of collateral. An unsecured loan is one that is obtained without the use of property as collateral for the loan. Borrowers generally must have high credit ratings to be approved for an unsecured loan. These kind of loans carries high rate of interest as the lenders consider it more risky because of the absence of collateral. a) b) c) d) e) He must be having business vintage of atleast 3 years It may be a proprietor firm/partnership firm/private limited company. DSCR must be greater than 1 Business must be profit making Applicant must be of age 22 years and less than 65 at the time of maturity of loan 6. 7. 8. 9. Copy of PAN card of company and the promoters ITR with computation of Income of last 2 years of company and the promoters Financials with full annexure for last 2 years Independent auditor and Directors's report for last 2 years Tax audit report (Form 3CA/3CB/3CD) for last 2 years 6 months banking of company and the promoters VAT and S.tax return for last 1 year. Copy of Registration of Firm/company Address proof of company and the promoters s for LRD vary from 12% to 14%. It will take around a period of 3 weeks from origination to disbursement.

Lease Financing Leasing is a source of financing which is cheaper than almost all other sources of financing. A business will not have to spend a lot of money for acquiring an asset but it can use an asset by paying small monthly or yearly rentals and will be able to enjoy the tax advantage on lease payments as lease payments can be deducted as a business expense. Any person who wants to invest in the assets for the establishment or the expansion of business. Last 3 Years ITRs. Last 3 years Financials (Balance Sheets and P&L) Last one year bank statements. Performa invoice of asset to be purchased. ID and address proofs will be 12 to 14% depending upon the type of asset. It will take around 3 weeks from origination to disbursement.

Working Capital Finance An overdraft facility (or working capital facility) is a tool to aid cash flow management by providing a reserve of easily accessible money to meet any shortfall in working capital Cash Credit : Granted against hypothecation of goods, here the goods in the stores / go down / factory is kept as security and the client/s enjoy the running loan against these. They are to keep a margin and submit the Stock Statement which will speak for the goods in the list and its latest valuation. It is verified and sale items excluded. Over Draft : Here the difference is that no 'goods' are involved, (Money) papers like: Bank FD, NSCs, Insurance Policies are kept as security, others almost same. Proprietorship/partnership/Pvt. Ltd company a) Age 25-65 years of main applicant b) Minimum 3 years old company in the same business c) Profitable business for the last 2 year d) Have a clean track record of at least 12 month from any MNC bank e) Applicant must own office or residence. f) Title to the property should be clear and free from encumbrance. g) Turnover minimum 40lacs & above per annum for the last 2 years. 1) 2) 3) 4) 5) 6) ID proof: Pan card, Passport and Driving License Office Proof: Telephone Bill/ Sales Tax registration certificate/ Electricity Bill Ownership Proof: Electricity Bill/house tax/property papers Income Proof: last 3 years audited financial along with audit report with all Bank statement main account last 6 month. Sanction letter of existing Cash credit or overdraft limit availed by the company. Collateral Security: Property papers which are offered. s for LRD vary from 12% to 14%. It generally takes 2-3 weeks from origination to final disbursements.

Franchise Finance Franchise Finance is finance for prospective franchisees who want to open a new business under franchise, for persons who plan to acquire an existing franchise and for the expansion of existing franchised businesses. Franchise agreement with the entity that is in the same business from last 3 years. Last 3 years financials of Franchisee.( if available) Last 3 years ITRs. Last one year Bank statement Franchise Agreement Complete Project Report in CC/OD limit ranges between 12% to 14%. It will take around 4 to 6 weeks from origination to disbursement.

Industrial Equipment Finance Equipment finance is a common tool used by lots and lots of companies as part of a business recovery programme, as it can help improve cash flow and also improve working capital. It typically involves a lender giving a business finance that is secured by a piece of equipment. This works for those businesses that are finding it hard to get finance because the equipment is used as security and if they default on payment the equipment will be taken away. a) b) The company/firm must be in business for at least 3 years with profit in the last audited financial year. Greenfield projects can be considered only from established players in that business. 1) 2) 3) 4) 5) 6) Company profile including existing product range Promoter profile including KYC details Purpose of the loan Latest 3 years audited financial statements along with audit reports Latest 6 months Bank statement Existing loans details if any It takes 2-3 weeks in disbursement of loan.

Purchase Bill Finance Here's a facility that discounts sales bills of reputed customers which in turn, helps in reducing the cash cycle for the business, freeing up cash for working capital, business funding and other requirements a) b) The company/firm must be in business for at least 3 years with profit in the last audited financial year Greenfield projects can be considered only from established players in that business 1) 2) 3) 4) 5) 6) Company profile including existing product range Promoter profile including KYC details Purpose of the loan Audited Financials of latest 3 years Bank statement of latest 6 months Existing loans details if any in CC/OD limit ranges between 12% to 14%. It takes 2-3 weeks in disbursement of loan.