Introduction

Manappuram Finance limited corporate lending division started disbursements in October 2015 caters to financing small and mid-size NBFC’s which are mainly into housing, micro finance, vehicle, SME lending, Consumer lending etc.

Product offered

Term loan to NBFCs engaged in:

  • Microfinance
  • Housing Finance
  • Vehicle Finance
  • MSMEs/SMEs,
  • Personal Loan
  • Consumer Durable and

Features

  • Maximum Loan Amount up to 100 cr
  • Maximum loan tenure up to 60 months
  • Interest rate starting from 11% p.a
  • Minimum external rating BB+ by ICRA, CARE, FITCH, CRISIL and BBB(-) for other agencies
  • Minimum Asset under management 50 cr .
  • The Borrower must have a capital adequacy ratio of at least 16%
  • Minimum Tier I capital 12%
  • Minimum vintage 3 years
  • Repayment to be either Monthly or Quarterly

Risk related rate of Interest

Rate of interest will be computed based on the risk category of the borrower. Pricing will be determined based on cost of funds, operating cost, expected return on equity etc. The borrowers will be advised of their internal risk rating upfront and in case of deterioration of the rating, the rate of interest will be reset at a pre-determined level.

Mode of Calculation

The interest rate will be quoted on an annualized basis only.

Penal interest / overdue interest

Applicable Rate + 1.5% p.m on the overdues, subject to RBI guidelines.

For more details please contact : 7736778889

Email: [email protected]

Enquire Now

Enter the characters shown in the image.