We are Indexia Finance with substantial appetite for recognised credits. We have a team of customer-driven relationship managers with wide industry experience in various segments.

We can offer you working capital finance by way of cash credit or loans suitably structured to your needs and your risk profile in consortium or as a sole banker.


Working Capital Term Loan

Objective:

This scheme is aimed for those units currently facing problem due to lack of working capital support from commercial banks, but can be made viable with the infusion of fresh funds by way of one time core working capital assistance.

Eligibility:

• The scheme is meant for limited companies which are industrial concerns as defined in IDBI Act.
• Those limited companies which have not got any working capital:

They were under financed & hence running in lower capacity.
There is market for the product.
The promoters are competent and persons of integrity.
Technology is not outdated.

• The Company and the unit must be potentially viable.

Quantum of Assistance:

• 75% of the working capital requirement of business for one cycle of operation.
• Promoters’ Contribution: 25%
• Interest rate: PLR + weightage of risk.
• Repayment Period: Maximum 3 years

The borrower shall approach commercial banks for meeting its normal working capital requirement at any time during currency of the loan. As and when the assistance is sanctioned by the bank, the working capital loan from NEDFi should be repaid out of the proceeds of the loan sanctioned by the bank. NEDFi in turn shall release its charge on current assets and also concede second charge on fixed assets if so insisted by the bank.

Security:

• First charge by way of hypothecation of current assets.
• Charge on fixed assets of the unit.
• Personal Guarantee of Promoter Director/Corporate Guarantee
• First pari-passu charge on the fixed assets of the unit, if the assets are 
• mortgaged to other institutions/ Bank
• Adequate collateral security
• Upfront fee: 0.1% of the loan amount