CA P J Shah provides complete guidance for the NBFC loan availability in Ahmedabad. Here are some details
About NBFC Loan:-
NBFC or Non-Banking Financial Company is a company, which is registered under Companies Act, 1956. The company mainly connects with the business of loans and advances, acquisition of shares, stocks, bonds, debentures, and securities issued by Government, local authority or other marketable securities that has similar nature of business as leasing, hire purchase or insurance. A non-banking institution maintains the business of receiving deposits under any scheme in one lump sum amount or in installments based on the way of contribution or in another manner. Loan experts comment that it is noticed that banks have been reducing their exposure while NBFCs are increasing their exposure to the realty sector backed with the help of liquidity and interest rate environment. It is also worth able to mention that seasoning and tenure of loans, city and developer wise exposure increases risk of NBFCs loan in the comparison to banks.
NBFCs lend and make an investment and hence their activities are similar to banks, however there are some differences also as NBFC cannot accept demand deposits, NBFCs do not form part of the payment and cannot issue cheques drawn on it. Bank facilities as deposit insurance and credit Guarantee Corporation are not available to depositors of NBFCs.
Piyush J. Shah is a financial expert who first deeply understand client requirement and then start work on that so that there would not be any loophole in the requirement and results, by delivering customer satisfaction
