apsfc.com Loan Enquiry Andhra Pradesh : Financial Corporation

Organization : Financial Corporation Andhra Pradesh
Facility : Loan Enquiry

Home Page :http://apsfc.com/APSFC_FM/Login.aspx
Enquiry here :http://apsfc.com/APSFC_FM/pages/enquiry.aspx

Enquiry Form

Please fill out the details below, Fields marked with ‘*’ are mandatory

Related : Andhra Pradesh Financial Corporation Apply for Term/ MTL /Doctor Loan : www.statusin.in/5338.html

Take effective steps Implementation started Proposed Location (District Account holders are advised to contact their concerned branches for obtaining their User Name and Passwords .

Loan Application Forms can be downloaded from “Products & Services” Tab. The cost of Application, Rs.500/- will be collected at the time of submission of Application.

Avail Loans :
Andhra Pradesh State Financial Corporation is the Premier Term Lending Institution in the State which provides adequate and timely financial assistance to its customers and ultimately contributing for the industrial promotion in the State. In addition to the customer satisfaction, the prime object of the Corporation, it is also the endeavor of the Corporation to give quick service to the entrepreneurs. The Corporation sanctions loans on the security of primary as well as collateral security. After receipt of the sanction letter, the entrepreneur has to complete the legal formalities securing the loan sanctioned as stipulated in the Sanction letter. After completion of legal formalities, funds will be released as per eligibility. Procurement of papers pertaining to the properties being offered by the borrowers in favour of the Corporation will take considerable time
A brochure containing the check list as to the various papers required for completion of legal formalities for securing the loan sanctioned by the Corporation is brought for the convenience of the entrepreneurs.

How to apply for Loan :
The applicant has to submit a representation briefing about the project, availability of raw material, market tie-up if any etc. and experience of the promoter in that line and the security to be offered for the loan. The Branch Engineers and Project Appraisal Officers will assist the entrepreneur in this regard.

How much time will it take for sanction of loan :
After submission of the copies of necessary documents/papers such as unit’s land documents, building plan, machinery quotations, surety documents, relavent approvals. Our Corporation considers loans subject to viability of the scheme, with in 10 days if the loan is below Rs. 15 lakhs, 20 days if the loan is between Rs. 15.00 and 30.00 lakhs and 40 days if the loan is above Rs. 30 lakhs.

Whether you sanction loan without security :
No. All loans should be supported by collateral security as per the Corporation’s policy. The amount of collateral security varies depending on activity, scheme.

What are the benefits you are giving for women entrepreneurs :
Our Corporation considers financial assistance to eligible women entrepreneurs under MUN scheme. The project cost shall be below Rs. 10 lakhs. The applicant has to invest a minimum amount of 10% of the project cost. Term loan shall be considered at 65% and soft loan is considered at 25% of the project cost.The soft loan portion carries interest at 1% p.a and is given to bridge the gap in equity to encourage women entrepreneurs.