NPA Loan
NPA loans are non-performing assets or loans that stop yielding profits to the bank, so the bank classified that particular account as NPA. Once classified as NPA, the bank initiates legal action against the borrower to recover its loan. The legal actions may includes the issuance of legal notices for total loan principal along with penal interests and charges, followed by the auctions of the underlying collaterals in the loan account.
At OTS Finance Company, we understand the financial challenges due to Non-Performing Assets (NPAs) can bring to individuals and businesses. Our mission is to provide effective and comprehensive solutions for NPA financing, allowing you to regain control of your finances and move forward with confidence. With years of experience and a commitment to excellence, we have become a leading provider of NPA funding in India. Our range of services is designed to cater to various needs, ensuring that you receive the best possible support during these challenging times.
Our Services
(All of our services comply with RBI -Reserve Bank of India guidelines and are available throughout India)
NPA Finance
We provide an NPA Finance facility for the NPA borrower to successfully close their NPA account liabilities through financial assistance provided by us & closing legal issues associated with it and enjoying a new loan facility with a monthly EMI. Our NPA Finance services are designed in such a way that reduces the stress on NPA borrowers
- All of the above we pay directly to the bank so no worries about closing the previous loan through their own funds.
- In the second level, we provide additional funds to fulfil the client’s working capital requirement.
- Lastly, we give a repayment tenor that matches the client’s business cycle & additionally provides a moratorium period in order to give ample time to streamline the business.
NPA Loan Takeover
Our NPA Loan Takeover facility help the clients to transfer their NPA accounts to one of our NPA financing companies and restructure the loan by giving a new repayment schedule for up to seven years. NPA loan takeover also helps the client by cleaning their company’s balance sheet by replacing bad loans with new standard loans which opens the gateway for availing standard loan products. After this takeover, clients can apply for the normal CC limits, Bank Guarantee loans & other banking products required for their day-to-day business operations. This takeover will be processed in the following way :
- Assessment of client business and underlying securities
- Structuring the new loan on a mutual basis with the client
- Paying directly to the previous bank to close the account
- Loan agreement between new lender & borrower
- Takeover of previous NPA loan liability and underlying securities & collaterals
- Start of new & standard financial journey for the client with better financial management
Private Finance for NPA Accounts
Private finance for NPA accounts is available for NPA borrowers to settle their previous loan liabilities and to infuse additional funds for working capital requirements. Our private finance lenders provide loans to clients who face difficulty getting loans from standard banks due to credit scoring issues of past & present. Our private finance services help clients to come out of financial stress by clearing off their bad debts with the loan facility we provide specifically for NPA borrowers.
Advantages of Our NPA Financial Services
- NPA Finance or Loan for OTS: Loan facility available for clients who wanted to pay the total NPA account outstanding or Clients who have taken a One Time Settlement(OTS) & wanted a loan for paying the OTS.
- Partial to Full Finance: Borrowers can avail partial to full finance assistance in order to manage their repayment. If the borrower has some finance arrangement by himself & requires a balance amount to be financed that is also possible. Through this borrowers can reduce their EMI amount of the new loan.
- Direct Payment: We can pay directly to the borrower’s previous bank for closing the NPA account & all the collateral securities come to us directly. So need to worry about closing the NPA account.
- Moratorium: A moratorium period is available in this new NPA loan. Borrowers can apply for a loan with a moratorium facility in it.
- Easy Repayment: Easy repayment modes are available like EMI, Ballooning, or bullet payment mode. The borrower can request a certain type of repayment plan if that matches the client’s payment cycle & business model.
- Real Estate NPA: NPA clients from the Real Estate industry can also avail of this facility, but a few features can be different for them like repayment structure.
Key features
- Loan for paying NPA outstanding or to pay the OTS
- Finance available in PAN India
- Loan starting from Rs.1 crore to any amount
- Available for partial to full outstanding
- Available at any legal stage
- Available for clients under DRT or NCLT court
- Easy online application through soft copies
How Our Services Work?
Our process is designed to be straightforward and effective:
- Consultation: Reach out to us for an initial consultation, where we’ll discuss your financial situation, goals, and concerns.
- Customized Solutions: Based on the information gathered, we’ll create a personalized plan that aligns with your needs.
- Execution: Once you’re comfortable with the plan, we’ll initiate the necessary steps, whether it’s securing funding or facilitating an account takeover.
- Support and Follow-up: Throughout the process, our team remains available to address your questions and provide updates on the progress.
Please note that these figures are indicative and subject to change based on individual circumstances.
What is NPA Account (Non Performing Asset)?
NPA Account (Non Performing Asset) is a loan account of a bank/nbfc in which borrowers fails to repay the loan or emi/interest is due more than the three months so as per RBI guidelines that account declared as npa account(non performing asset). Once it is declared NPA account than bank starts legal procedures under sarfasi act 2014 to recover the NPA loan. NPA Account is a liability to that particular bank or nbfc.
Contact Us
Ready to take control of your NPA situation? Contact us today to schedule a consultation or learn more about our services.
Call: +91 8750088279
Email: [email protected]
Take the First Step Toward Financial Recovery
Don’t let NPA challenges hold you back. Our dedicated team at OTS Finance Company is here to provide the support and solutions you need to overcome financial hurdles and secure the way for a brighter future. Schedule a consultation today and let’s embark on this journey together.