Our Group NBFC offers the options of monthly, quarterly, half-yearly as per their terms and conditions.

We AFPL loans with durations anywhere between 6 months to 4 years.

The sanctioned limit will be determined based on your revenue/sales and networth.

Yes we do have pre closure charges. i.e 4%. Its vary for case to case.

For AFPL group, data security is of utmost priority. All of your data is kept strictly confidential.

You should choose AFPL group NBFC because credit evaluations, loan disbursements are done quickly without tedious papers.

We help business by providing short term, flexible loans in a simple and efficient manner. If you run a small or medium enterprise with frequent working capital needs, a AFPL loan will quickly provide you the necessary funds to manage cash flow.

AFPL offers loans ranging from 3 lakh – 1 crores, with terms between 6 months -42 months.

Typically, our rates start with 12% per annum with a processing fees.

FWe offer loan products with flexible repayment plans, so you can choose what makes sense for your business. Loans against receivables can be paid back in a single “bullet” instalments at maturity, While unsecured loans are repayable via EMI’s. All repayments can be made either via NACH, Google pay, NEFT, RTGS ,cash or debit card.

Yes, we are having availability of this features.

Typically, our rates start with 12% per annum with a processing fees.We work with small & medium enterprises across industries, including e-commerce, textile & apparel, healthcare, auto and engineering, food processing, software, facilitate management, and professional services. Our borrowers are typically fast growing SMEs with one or more well-reputed clients ( e.g. MNCs, large E-commerce players, publicly listed indian corporates).

The eligibility for our loans varies from product to product. Visit our product pages of your choice to read a defined description of the eligibility criteria for the product.

Yes. We actively support early-stage businesses led by capable and driven entrepreneurs. Unlike most banks and NBFCs today, we are happy to work with companies that have been operational for less than 2-2.5 years, so long as they have strong management and a good financial track record.

Yes. Our approach to lending evaluates SMEs in a very different way from banks. Rather than focussing on traditional factors such as collateral such as property. We look at the strength of your cash flows.

RBI announced one time restructuring scheme for lenders amid the on going COVID crisis which is hitting business hard. On the basis of the framework and regulatory guidelines issued by the RBI, we have framed a policy for the restructuring of SME and consumer loans in our portfolio that have been impacted due to the covid-19 pandemic. This is to ensure that the terms of the loan are restructured so as to make the loan serviceable.

Individuals and entities that are classified as standards, but not in default for more than 30 days with the lender as on March 1, 2020 and continue to remain as standard across all its loans facilities till date are eligible for restructuring. Borrowing entity is GST-registered on the date of implementation of the restructuring except MSMEs that are exempt from GST-registration Borrowers, whose income/business is affected by COVID-19 pandemic like reduction of income during lockdown, reduced activity of units or business or complete shut down due to pandemic. Borrowers should not have an exposure of more than 25 cr, at the customer level as on March 1, 2020.

Tenure can be extendable from the end of the loan maturity date as per the original repayment schedule of the loan to: SME borrowers – up to 2 years

Yes, loan can be restructured but subject to following minimum stipulations. MSME borrower: Minimum outstanding principal dues of Rs. 2 lakhs on a loan account level.

The restructuring process shall be initiated by calling following the request/ application from the borrower. Borrower could place a request by calling the relationship manager from 9 to 6 on any working day.

MSME borrower products: term finance, banking surrogate, FAST loans , Merchant cash, Advance, School Loans. Loans to Professionals, Supply Chain Finance ( Pay Later, Invoice Finance, Franchise Finance) , tax Loans, Construction Equipment’s etc.

Yes, a document fee will be levied if the loan is restructured.

Yes, all co-applicants are required to sign the revised agreement too.

No, restructure will not be allowed for such borrowers.

No, only those loans taken before March 2020 are eligible for restructure./p>

No, loss should be due to closure of business, job loss and reduces activity of business during lockdown.

No, a loan already restructured is not eligible.

No, those who opted for a second moratorium cannot opt for the restructuring process.