Mr. Siva kumar took a housing loan for purchase of an under construction apartment. The loan was with shorter tenor and higher rate of interest. Plus he had personal loans, car loan and credit card. His net salary was Rs. 97000 and the monthly EMIs were Rs. 94000.00. Unfortunately, due to flouting of sanctioned plan, upon completion they could not get OC and the building ended up with B khata. We got them a housing loan on the B Khata property with lower interest and long tenor with a top up. This helped him to restructure his entire EMIs bringing the monthly burden down to Rs. 60,000 per month.
Mr. Kamat wanted to buy his dream apartment from one of the top 3 builders. But he did not have immediate funds to pay the 10% booking amount. He was to sell the flat he was living in to get some additional funds. He already had 2 housing loans, 1 car loan and 1 personal loan. With our help he could get the necessary funds in hand to book the flat, close all the other loans, avoided selling the flat he was living in, as well as had the necessary liquidity to apply for the second loan for his dream property.
Mr. Santosh, a 58 year old NRI from the USA came on a visit to Bangalore. He loved one luxury apartment but no one was ready to give him loan beyond his 60th year. We took up the case on a Monday and by Saturday he completed the registration of the flat with a 7 year loan. He was comfortable to pay the EMIs in 7 years.
Mr. Krishnan and his wife are having their independent businesses. Ten years back they took a Housing Loan to buy a villa in Electronic City. For their business growth they did not have much working capital and they had to resort to private finance and personal loans. Their monthly EMIs & interest payments were close to Rs. 2.00 lac. We explained to them the advantage of shifting the housing loan with a top up and completed the assignment. Now their monthly cash outflows are less than Rs. 1.00 lac
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Corporate Loan Case Studies
Mr. Varma had an export oriented fruit processing business from NOIDA. Their Head Office was in Shimla. They identified some fruit processing factories lying idle in Nagaland, Meghalaya & Manipur. We from Bangalore executed this assignment through one of the top public sector banks from their Guwahati branch offering the corporate office at Noida as collateral security.
M/s. XYZ INFRA PVT LTD are a Bangalore based infrastructure company engaged in building Roads & bridges. Their growth was stifled due to their existing banker not supporting them for enhanced Fund based and Non-fund based limits, though they had huge order book position on hand. We took up the assignment to enhance the limits from Rs. 91 cr to Rs. 150.00 cr. We succeeded in getting them Rs. 140 cr Fund based and Non-fund based limits without adding any additional collateral security. In the process the Interest on the fund based limits was reduced by 2% and the fee on the non-fund based limits was reduced by 50%.
We successfully arranged about Rs. 200 cr to one of the top NBFCs from Kochi @ Rs. 50.00 cr every year spread over 4 years through 4 different banks. The interest rate they were paying for the working capital was 50% of what they were charging their retail clients.
We were successful in raising Rs. 75 cr for a Hyderabad based infra company who were enjoying Rs. 45 cr limit from another bank when we took up the assignment.
Recently we syndicated Rs. 12.75 cr to an manufacturing company who were already enjoying Rs. 55 cr limits @ an average interest rate of 10%. The loan that we did was @ 8% with a rider that 90% of it will be charged 0.50% less.
