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Credit Repair & Business Funds:

The Term Credit Repair pertains to seek additional credit based on ones’ credit worthiness in financial dealings viewed in respect of performance during the last three years verifying and analyzing public financial documents like Income tax Returns, Balance Sheets or proof of income earned by way of Salary or consultancy services rendered in respect of Doctors, Engineers, Chartered Accountants and many other professional entities involved in providing consultancy to their clients.

An other big sector of business entrepreneurs having commercial activities of trading, processing of raw materials into finished goods, Small & Medium Industries, Educational Institutes, Private Hospitals etc.

The financial Institutions for best results of their funds deployment have directions to prioritize certain Industries having favorable growth and potential. The Bank considers the last 3 years financial results of the enterprise, Net Profit accrued, Net Worth of the promoters, Value of Assets of the enterprise available for hypothecation and mortgage duly certified by Bank Approved expert in the field.

The Application on Bank’s Format along with financial data and documents are submitted, which are verified by Bank Officials by a personal visit and inspection. The Bank on its full satisfaction issues a sanction letter containing the terms of sanction and legal documents of agreements, undertakings, mortgage and hypothecation documents, which are to be executed along with surrendering of original documents of assets being mortgaged.

On execution and submission of all the documents the Bank releases in the borrower account the sanctioned funds for utilization and submission of monthly statement of stocks held by the enterprise.

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