Private Finance Funding
Private Finance Funding
Private finance funding, also known as private financing or private lending, is a form of financing in which individuals or private entities provide funds to borrowers, typically individuals or businesses, in exchange for a return on their investment.
Private finance funding differs from traditional bank loans in that it does not involve a financial institution as the primary lender. Instead, private investors, also known as private lenders, offer capital to borrowers based on mutually agreed-upon terms and conditions.
Age Criteria
Age eligibility with most lenders is 21-60 years.
Credit Score
poor score below 600 leads to denial or higher interest rates.
Income and Employment Stability
Debt-to-Income Ratio, Loan Amount and Purpose, Loan Repayment Term
Documents Needed
Identity Proof
- Aadhaar Card
- PAN Card
- Passport
- Voter ID Card
- Driving License
Identity Proof
- Aadhaar Card
- Utility Bills (Electricity, Water, Gas)
- Passport
- Driving License
- Rent Agreement
Income Proof
- Income Proof Salary Slips
- Bank Statements
- Income Tax Returns
- Form 16, Salary Certificate from Employer
- Audited Financial Statements
- Business Ownership Proof
Employment Proof
- Employment Certificate
- Offer Letter
- Appointment Letter
- Business Registration Documents
- Partnership Deed
- Memorandum of Association (MOA)
- Articles of Association (AOA)
Collateral Proof
- Property Documents
- Title Deeds
- Collateral Valuation Report (if applicable)
- Loan Application Form
- Other Relevant Documents
- Any other documents requested by the lender
- business plan
- project report
- Passport Size Photograph
Our Benefits
- Relieving financial burden: Private finance initiatives (PFIs) can reduce the financial burden on governments and taxpayers.
- Transferring risk: PFIs can also transfer some of the risks associated with a project from the public sector to the private sector.
- Quick funding: Private funding sources can provide quick funding for small businesses.
- Increased capital: Going private can result in a significant injection of capital.
- Easier approval: Private funding can have shorter approval times and be easier to get approved.
- Bespoke loans: Private funding can offer bespoke loans to tackle cases that don't fit in a box.