| LENDER TYPE |
|
| PSU Banks |
|
- The BM has a lot of power. He can sanction files at his own end.
For smaller cases, the TAT is minimum.
For larger requirements, they are ready to take logical risks.
Their rates of interest are generally very low.
If the requirement is larger, the TAT may be high. So, the process can be time consuming.
You must commit a TAT to the customer accordingly.
Also, the Sifarisher may not expect any payout in such cases.
|
| Pvt/ MNC Banks |
|
- Their TAT for any requirement is generally the same.
They aggressively pursue cases and are ready to accommodate customers, where they see potential .
Their rates are also very competitive. Especially MNC Banks rates for certain products like LAP are very competitive.
|
| NBFC |
|
- Their TAT is minimum. They have a higher risk apetite as compared to pvt. Banks.
They may take aggressive calls on issues related to past record, collateral type, ITRs, etc.
Accordingly, the rate of interest charged by them are generally higher than Pvt. Banks.
|
| Other Funds |
|
These are either
1) pool of HNI funds, managed by professionals, or
2) arms large of Pvt. Equity, venture capital funds
3) Asset Reconstruction Companies.
They invest in Debt, Equity & Mezzanine structures. From seed capital to Private Equity to Asset reconstruction consulting, everything is available.
Their TAT is high as due diligence involved is higher. Their costing is negotiable, though it is mostly towards higher side.
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