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    Finance Process & Terms & Conditions

    Uploaded by

    Palash Patankar
    The document outlines terms and conditions for two parties: Synopsis Technologies and a lender or investor. For Synopsis Technologies, clients must pay a 49,000 mobilization fee up front, provide airfare for two meetings whether the loan is approved or not, and a 3% service fee of the loan amount via post-dated cheque. The lender/investor requires airfare and accommodations for two people for minimum two meetings, also non-refundable regardless of approval. The lender terms include loan amounts from 60-70% of collateral value, interest rates of 9-12% with collateral or 12-15% without, terms of 5, 10 or 15 years, and quarterly,

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    Finance Process & Terms & Conditions

    Uploaded by

    Palash Patankar
    65 views3 pages
    The document outlines terms and conditions for two parties: Synopsis Technologies and a lender or investor. For Synopsis Technologies, clients must pay a 49,000 mobilization fee up front, provide airfare for two meetings whether the loan is approved or not, and a 3% service fee of the loan amount via post-dated cheque. The lender/investor requires airfare and accommodations for two people for minimum two meetings, also non-refundable regardless of approval. The lender terms include loan amounts from 60-70% of collateral value, interest rates of 9-12% with collateral or 12-15% without, terms of 5, 10 or 15 years, and quarterly,

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    The document outlines terms and conditions for two parties: Synopsis Technologies and a lender or investor. For Synopsis Technologies, clients must pay a 49,000 mobilization fee up front, provide airfare for two meetings whether the loan is approved or not, and a 3% service fee of the loan amount via post-dated cheque. The lender/investor requires airfare and accommodations for two people for minimum two meetings, also non-refundable regardless of approval. The lender terms include loan amounts from 60-70% of collateral value, interest rates of 9-12% with collateral or 12-15% without, terms of 5, 10 or 15 years, and quarterly,

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    65 views3 pages

    Finance Process & Terms & Conditions

    Uploaded by

    Palash Patankar
    The document outlines terms and conditions for two parties: Synopsis Technologies and a lender or investor. For Synopsis Technologies, clients must pay a 49,000 mobilization fee up front, provide airfare for two meetings whether the loan is approved or not, and a 3% service fee of the loan amount via post-dated cheque. The lender/investor requires airfare and accommodations for two people for minimum two meetings, also non-refundable regardless of approval. The lender terms include loan amounts from 60-70% of collateral value, interest rates of 9-12% with collateral or 12-15% without, terms of 5, 10 or 15 years, and quarterly,

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    Synopsis Technologies Terms & Conditions: MOU/Agreement for Service Charges will be given in advance Mobilization Charges of 49k

    in advance + To & Fro Air tickets for Minimum 2 Meeting should be arranged for one person and which would be Non Refundable.- Irrespective of the case would be successful or Not. Our Service Charges: 3% of the loan Sanction Amount, Advance PDC to be given in the name of synopsis technologies 1] Agreement/MOU, 2] 49 k Mobilization 3] Post dated Cheque for service charges Once we complete the above formalities and received all the hard copies, post then only will process the file to the lender or investor. Lender or investor Terms & Conditions Air tickets, Accommodation & Food at the time of inspection, Meeting and disbursement for Minimum 2 Meeting should be arranged for Two Persons and which would be Non Refundable.- Irrespective of the case would be successful or Not.
    Terms & Conditions:1. The Fund provided will be 60% - 70% of the value of collateral. The Valuation of collateral must be as per the government approved valuer.

    2. The ROI will be :9% - 12% with collateral on reducing basis 12% - 15 % without collateral on reducing basis

    3. The Funding Tenure will be 5 years, 10 years & 15 years.

    4. Interest payment schedule will be Quarterly, half yearly & yearly.

    5. The Legal charges, TA & DA to be paid by the borrower.

    6. The funds will come in USD denominations into the borrowers account via RTGS, and should be repaid into the same denomination. The hedging charges to be borne by the borrower.

    7. The borrower will open a locker in the name of Lender Company into his fund receiving bank, in which the original documents of collateral will be kept into the custody of the Bank.

    8. The processing time will be 15-25 days.

    The Mode of Operandi for ASSET BASED Funding/ Simple Mortgage funding as follows:1. The borrower provides soft copy of all the required documents initially. 2. The Investor confirms his readiness & Willingness to provide the funding to the borrower. 3. The acceptance of terms & conditions of funding by the borrower. 4. The site visit/ inspection by the investor. Note: - The full set of hard copies of documents to be handed at the time of site visit or will be couriered after site visit. 5. Once the hard copies of required documents are received by the lender, the legal verification & Drafting process will start. 6. After the Legal verification, the lender will issue the sanction letter for the final amount that will be provided to the borrower, along with the drafted copy of legal agreements. 7. The borrower sends his confirmation & acceptance in regards to sanction letter and legal agreement. 8. The borrower will pay the legal charges via RTGS. The Legal Charges includes the following: The legal fee of the lawyers, to prepare the documents, which may vary from Project to Project The stamp duty for mortgage deed, which is 1 % of the loan sanction amount. The stamp duty could be paid to the Lender OR the borrower can give DD in the name of registry office, Chennai OR borrower can deposit it directly to the registry office, Chennai. (whichever is convenient as per the borrower)

    9. Once the acceptance is received in regards to point no. 7 & 8, the borrower will be invited to the lenders office for signing the legal documents/ final agreements. 10. Once the agreements signed & finalized, the borrower will open a locker in the name of Lender Company, into his (borrowers) fund receiving bank.

    11. As soon as the locker is opened & confirmed by the borrower, and the borrower is ready to deposit his original documents into the locker opened. 12. The Lender will visit the borrowers Bank and as soon as the documents will be deposited into the locker, the funds will be disbursed by the lender via RTGS, simultaneously. 13. Closer.

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