We are providing One Time Settlement Scheme for NPA Accounts. Fund Source India is a intermediary firm that negotiate with banks on the behalf of our clients. We try to settle the loan outstanding at lowest amounts possible & get the one time settlement approved from the bank.
Our experienced team does the assessment of client business & underline securities and explore the best possibilities on the proposal. We are a company which works on the modern day solutions of the financial market. We work symmetrically with the client to arrange & manage the documentation required in case to deliver or service the commitment. We funded in all major cities of the country. Through our support, clients positively meet their goal of funding for one time settlement & restart their financial life.
One Time Settlement is a mutual & legal contract between a financial institution (bank) & its borrower to settle down Non-Performing Loan (NPL) at a reduced price which is beneficial for both parties as the bank reduces its bad loans and the borrower gets rid of all the legal & financial issues associated with it.
Once an account is declared NPA by the lender it adversely affects the borrower. Their creditworthiness is compromised and If the default amount is significant, the lender may initiate legal proceedings to recover the outstanding dues.
To avoid this situation, the borrower needs to repay this loan by any way. For this, the best way is to apply for a one time settlement in a bank. By this way of One time settlement, the borrower can save a lot of money in form of huge interest, legal charges & penalties.
One Time Settlement amount directly depends upon how old the account is, valuation of collaterals and business status of the client. Suppose in case, if valuation is higher than the loan amount, then settlement amount will be quite higher. Similarly, if the account is new, then the finalized amount will be high.
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)
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