We provide exclusive funding for OTS (One Time Settlement), directly paying your bank to close NPA liabilities. Our OTS loans are available across PAN India with quick processing.
Fund Source is the Top NPA Funding Company in India. We offer multiple loan solutions for NPA Accounts, such as NPA Loan Takeover, Private Finance for NPA Accounts & NPA Funding for Corporates & MSMEs. We also provide funding for One-Time Settlement (OTS).
Our fast process helps in getting funds within the timelines, and our deep knowledge in the stress industry helps us achieve the highest approval rates for our Clients.
We also won an international award in the year 2024 for our work in the field of NPA Resolutions (Check - About Us).
We provide a full range of loans for NPA accounts, from pre-NPA situations like SMA1& 2 to NPA status or to close NPA accounts settled under One-Time Settlement (OTS). We also provide debt settlement loans and working capital finance for the stressed NPA accounts.
Our services are designed to help clients overcome stressful situations, convert their NPA accounts into normal accounts, and enjoy standard banking products to excel in business.
We directly take over the NPA account from your previous bank and offer a repayment in the form of EMI for a tenor of 4-5 years. This NPA loan restructuring offers multiple benefits:
Thus, loans for NPA accounts help companies & individuals recover their NPA accounts & legalities associated with them. Also, makes the companies financially strong by infusing additional working capital & helps in credit revival.
We offer NPA funding to close existing NPA loan liabilities and restructure them with easy EMI plans. Get private finance for NPA accounts across PAN India with quick approval.
We provide exclusive funding for OTS (One Time Settlement), directly paying your bank to close NPA liabilities. Our OTS loans are available across PAN India with quick processing.
Finance available to Developers / Builders who have marketable projects / in area of demand. Fund Source India have expertise in raising funds for Real Estate Projects.
Fund Source India offers private loans against property for those unable to secure bank or NBFC loans. Get up to 50% of property value with quick approval and fast disbursement.
NPA funding is a loan facility provided to NPA borrowers to help them close their distressed loan accounts. Under this funding, the existing NPA loan liability will be paid directly, and all securities will be transferred to the new lender. It helps companies with financial restructuring, winding-up legal issues, and credit revival.
It’s a great tool to close NPA accounts and re-track your business.
The Borrower can approach their bank to restructure their NPA loan account. This will regain all previous facilities and accounts, and after one year of operation, the account will be completely converted into a standard account. Then the client can apply for an additional loan or move to another bank for enhancement. This restructuring decision is subject to banking policies & banks hold the right to restructure.
We can directly take over an NPA Account & all collateral properties transferred to us from the previous bank. A new repayment plan is assigned to the borrower with an option of a moratorium. The borrower can avail additional funds for the running of the business.
After one year of successful & timely repayment with this new financial institute, your account becomes standard.
Borrowers can do this by taking financial favors from their close relationships. It might be possible that any of your financially sound relatives can help with a short-term arrangement of funds that can be utilised to close the NPA account.
Borrowers can raise funds by introducing new partners in the company. The new partner will take some shares in the company & will infuse some funds into the company, which can be used for repaying Non-Performing Asset Loan accounts.
Funding from private lenders is also available for NPA accounts. They help in closing NPA accounts directly and also offer NPA loan settlement funding to close loans settled under the One-Time Settlement (OTS) scheme.
But it could be more expensive than the standard financing & as well as comes with some harder conditions. Also, it is limited to one’s local area, and looking for options other than your local area will not serve your purpose. Looking for this arrangement outside your local area will waste your time & effort, and in some cases, your money. Some of the clients have very bad experiences in terms of time & money. On top of the above, this kind of financing is not readily available.
Frequently Asked Questions are commonly asked queries by users, along with their answers, to provide quick help and clear information.
The full form of NPA in banking is Non-Performing Asset & it refers to a defaulted loan. When a borrower fails to pay interest or scheduled EMIs for 90 days or more, the bank or NBFC declares such loan accounts as Non-Performing Assets (NPA).
It is called NPA because that particular loan account stops generating income for the bank. So, banks and other financial institutions mark such accounts as NPA and start their recovery process for the total loan, along with interest & penalties.
After declaring NPA, banks start their process of recovery for the entire loan. In such a case, the bank first serves the total loan recall notice, followed by 13(2) & 13(4) notices under the Sarfasi Act. The bank can take full control of the underlying securities/assets in the loans and take steps for the auctions of the properties to recover the loan.
The SARFASI ACT (Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002) is an Indian law that allows banks and financial institutions to auction residential or commercial properties of defaulters to recover loans without court intervention. It was introduced in the year 2002 for faster recovery of the loans. It only applies to the loans secured by a property.
This ACT allows the lenders to directly issue notices, take possession of the secured asset and auction it to recover the loans without waiting for a long court process.
The banks can issue the following notices step by step to NPA borrowers:
Once a loan account is declared NPA, then the borrower will face the following issues:
Always remember the bank has the complete right to control & auction the underlying assets.
When an account slips into NPA, then the borrower has the following options:
India’s No.1 NPA funding & OTS Finance Company with Proven Track Record. We are exclusively working for Private Finance for NPA Accounts (NON-PERFORMING ASSET)
