Follow MintSteer on:
Project Funding

Project Funding
For procuring infrastructure for your business, purchase of equipment or purchase of any other fixed assets term loans are taken. Projects are analyzed thoroughly by the financial institutions before funding. No lending for buying land. Land has to be bought by the promoters.

Strong promoter profile of 3-5 years in same business is very much required. Banks normally fund 75% of the building cost or 75% of the total cost of the new machinery. Term loans are the standard commercial loans, often used to pay for a major investment in the business or an acquisition. They run for as long as 10 years and include additional requirements such as collateral and limits on the amount of additional financial commitments the business may take on.

Term loans are often the best option for established small businesses. If your financial statements are sound and you're willing to make a substantial down payment, you can receive financing with minimal monthly payments and total loan costs. The loans are best used for construction, major capital improvements and large capital investments, such as machinery, working capital and purchases of existing businesses.

We provide full range of services related to project financing. Provide loan syndication for small, medium and large enterprises from various industries like manufacturing, infrastructure, trading and service industries.

Based on your business trend and requirement we can arrange right solutions for your working capital requirements by Working Capital Term Loans. Considering the factors involved in closing a debt funding deal it's always advisable to retain an expert like us for bank liaising purposes.

Home Loan

Home Loan
Buying a first home could be the largest investment of your life. This is an exciting experience and making mistakes could be very costly. Your income determines your borrowing capacity. Other debts such as credit cards, personal loans and other commitments can affect the amount of money you can borrow.

All lenders have different rules and conditions on your employment status. If you're full-time, part-time, casual or self-employed most lenders require you to be working for a minimum time in the job. We can compare the rate of interests and choose the best institution for you with flexible repayment options.

We cater wide range of home loan products & services like Home Loans, Home Improvement Loans, Home Extension Loans, Loans to professionals for office or clinic, Home Equity Loans (Loan against Property), Short Term Bridging Loan etc. We can even get your loan pre-approved prior to choosing the property.

Our Loan Advisory Service will guide you throughout the mortgage process from start to finish.

Loan against Property (LAP)

Loan against Property (LAP)
A loan against your property can be taken on commercial, residential, leased, residential plots and industrial property. You can also apply for this loan if you need funds to acquire new property.

A take-over of your existing loan with refinancing is also possible with Loan Against Property. You can avail 50-70 % of the market value of the property depending upon the type of property. Most institutions offer tenure of 15 years in case of LAP.

LAP becomes a very attractive option to leverage on your sitting assets and to create more assets.

Balance Transfer

Balance Transfer
The most common reasons for a home loan borrower to transfer the loan are better rate of interest and top up loan. ROI is the primary reason for a borrower to opt for a balance transfer of its existing loan. With no foreclosure charges on all home loans it becomes economically feasible for a borrower to transfer the loan with little effort of completing the documentation.

Second biggest reason for balance transfer is requirement of additional funds over and above the existing loan. With few banks offering top-up loans at home loan rates, it has become a very attractive option for borrowers.

Lease Rental Discounting (LRD)

Lease Rental Discounting (LRD)
Lease Rental Discounting (LRD) is a loan (term loan) offered by banks and housing finance companies/NBFC's against the rental receipts derived from lease contracts. These lease contracts are normally long term in nature and with reputed corporate. If you own a commercial property and have given it on lease/rent to a corporate you can borrow money against this cash flow.

In this case the Lease Rental Discounting (LRD) product would perfectly suit your need. This product is only applicable for fully constructed properties (either commercial or residential) and most lenders prefer only large corporate as the tenants in the lease. The maximum amount of loan that can be availed depends upon both the value of the property as well as the amount of the rent being received.

Typically the lenders restrict their sanction 50% - 70% of the property value (similar to loan against property). At the same time the lenders ensure that the EMI payment on the Lease Rental Discounted loan does not go beyond 60% - 70% of the rent being received on the property. LRD can be provided for any personal requirements of the customer like marriage, child education, business, purchase of property without mortgage, improvement of property and medical treatment etc.

Increments in the Lease rentals over a period of time are also considered while calculating the eligibility. Our team would guide u throughout the process and help u meet your financial needs.

Risk Capital Management

Risk Capital Management
Risk Capital Schemes enable structured finance for growth oriented SMEs. There is a growing demand for a suitable mix of debt, equity or mezzanine capitals which could help the SMEs to achieve optimum performance given the constraints of lack of adequate collaterals.

Many SMEs face problems in bringing in the required margin money and in order to overcome such hindrances financial institutions have established Risk Capital Schemes for financing viable MSE units for meeting the shortfall in margin money. The objective is to make available collateral-free growth funds to deserving MSME's that could be considered as quasi equity by the bankers.

We have been helping companies with liquidity issues leverage this product as there is lot of flexibility and a decent moratorium period in this product.

Vendor Financing Schemes

Vendor Financing Schemes
It provides business solutions for small businesses and middle market companies for the acquisition of equipment and value-added services. It creates tailored equipment and technology financing and leasing programs for manufacturers, distributors and product resellers, across industries that are designed to help them increase sales.

Through these vendor- financing programs, financial institutions provide equipment financing and value-added services, from invoicing to asset disposition, tailored to their customer's needs. It is an amazing product in which bank pays the vendors of a company. This scheme is meant for financing SMEs in the manufacturing and service sector, they being actually the vendors of large corporations or OEMs.

OEMs are effectively run corporate, PSU or MNC. Under this scheme, the bank ties up with the OEM to facilitate the development of vendor by means of flexible loan assistance. This loan helps the SME vendor in expansions, diversification and modernization plan.

News Events

  • Tax incentives on home loans to ensure housing for all......

    NEW DELHI: Union Budget 2014-15 sprang a pleasant surprise on home loan bor.....

    Read more

    How it works: Credit card balance transfers......

    WEALTH explores the nitty-gritty of credit card balance transfer, when can .....

    Read more

    Builders lap up loans despite a slowing real estate markets......

    MUMBAI: Even as the demand for loans from corporates is slumping to a decad.....

    Read more

    Balance transfer helps save revolving charges.....

    Unable to clear rising credit card dues? Facing the brunt of steep interest.....

    Read more

Market Updates