Private funding can be an option for financing a One-Time Settlement (OTS) in Delhi for your non-performing asset (NPA). Here’s some information to get you started:
Finding Private Lenders:
- Local real estate agents: They often have connections with private lenders who deal with secured loans based on collateral property value.
- Financial consultancies specializing in OTS: These consultants can connect you with private funders based on your situation.
Pros and Cons of Private Funding:
- Pros:
- Easier to obtain compared to traditional bank loans, especially with a low credit score.
- Faster processing time.
- Cons:
- Typically higher interest rates than bank loans.
- Loan terms may be less favorable.
Alternatives to Private Funding:
- NBFCs (Non-Banking Financial Companies): These institutions offer OTS funding solutions specifically for distressed assets.
- Selling collateral property: This can free up capital to pay off the OTS amount.
Recommendations:
- Consult with a financial advisor: They can assess your situation and recommend the best course of action, including exploring private funding options.
- Compare terms from multiple lenders: Don’t accept the first offer you receive.
Remember, private funding can be a helpful tool, but it’s crucial to understand the terms and weigh them against other options.
READ MORE……NPA and OTS Finance Company in India
