Fund Source India provides OTS Finance Loan to clients from partial to full amounts of One-time settlement within the stipulated OTS timeline. We pay directly to your previous bank and completely take over previous NPA loan liability settled under OTS.
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 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 out their goal of funding for OTS & restart their financial life.
This can be used in various ways:
To avoid this situation, the borrower needs to repay this loan by anyhow. For this, the best way is to apply for an OTS in the bank. By way of a One-time settlement, borrowers can save a lot of money in the form of huge interest, legal charges & penalties.
OTS amount directly depends upon how old the is account, the valuation of collaterals, and the business status of the client. Suppose in case, the valuation is higher than the loan amount, then the settlement amount will be quite higher. Similarly, if an account is new then also finalized amount will be high.
One Time Settlement is a mutual & legal contract between a financial institution (bank) & its borrower to settle down a 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.
As per the name, OTS Finance is a loan given by any financial institution recognized by RBI (Reserve Bank of India) to an NPA borrower to take over his previous liability of NPA from bank/NBFC which was settled under one-time settlement(OTS) and giving him a structured repayment in form of EMI’s. This can be directly paid to the previous bank on behalf of the borrower through a new financial institution. This new loan depends directly on the nature & valuation of securities, income sources of the borrower, and settlement conditions.
NPA OTS Funding will be available for clients who applied or took a one-time settlement offer from their previous banker and now looking for partial to full financial assistance to pay their OTS. They can apply directly to us, and we will pay their previous banker under the OTS settlement scheme. NPA OTS Funding can be taken as Bridge Finance to convert from NPA account status to normal/standard account.
Once OTS gets approved by the bank, the borrower can approach the market for Finance. There are some institutes regulated by RBI, that can fund the entire or part of the settlement amount as per requirement and repaying capacity. It’s always better to hire a finance company like Fund Source for this as we have a team who are well knowledgeable & experienced on the subject and have ready connections.
“Thorough professionals, Fund Source is one of the most efficient and trustworthy financial service company” –Kiran Dhanoa- Balwant Dhaba, Kolkata
“This is one of the few genuine places where OTS funding is done very fast and multiple options on repayment tenure are offered based on the business model. Hassle-free documentation and quick processing of funds have helped scale up our business even during tough COVID-19 pandemic times. Thank you fund source India” – Raghuram -Shanmuga Stores, Chennai
Don’t let financial burdens hold you back. Contact us today to schedule a consultation and take the first step towards a debt-free future.
Reach out to Vineet Kumar, our Financial Expert, at +91 9810218215 or firstname.lastname@example.org. Connect with Vineet on LinkedIn to stay updated with expert insights.
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)
©2023. Fundsource. All Rights Reserved.