Business Loan Liaison Service

Business loans can be used to finance:

• Working capital requirements
• Purchase of plant, equipment and machinery
• Property refurbishment
• OD Loans
• Or any justifiable business need

Project finance Services

We provide a variety of Project Finance Services for the Indian market. Project Financing Services requires the valuation of a project in terms of the capital needed, risks associated with the project and other issues that need to be sorted out. We have a specialized group of people who have the complete knowledge of this industry and work towards providing optimum funding for any organization. We are proficient at handling all types of projects and offer proper financing for capital intensive projects with ease.

We provide premium Project Finance Services to small and big companies for various projects. Our Project Finance Service entails all the matters related to projects like Legal Matters, Sales Tax, Income Tax, Service Tax, and so on. We customize the service as per the requirements of the clients after a detailed assessment of their position in the market.

Financial Restructuring:

Financial restructuring includes significant changes in the capital structure of a firm, also includes secured loans, unsecured loans and reengineering of all the financial elements of the organization. It drives with the objective of optimum utilization and best returns from the financial resources. Financial structure refers to the allocation of the corporate flow of funds-cash or credit-and to the strategic or contractual decision making etc.

Our scope of service includes :

• Equity Restructuring.
• Operational Restructuring.
• Investment Restructuring.
• Debt Restructuring.

Other Financial Services:

• IPO Advisory Services
• SME Listing
• Private Equity
• Project Funding
• Raising funds through NCDs
• Amalgamations, Acquisitions and Mergers
• Financial Advisory Services
• Assisting companies in getting Ratings
• Deal Structuring
• BG Discounting
• Corporate Loans
• Secured / un secured loans
• Private Loans
• Personal Loans

Our Privileged Products

Product 1: Working Capital Loans

A working capital loan is a type of short-term loan offered by a bank or alternative lender to finance a company’s everyday operations.

Working capital loans can be either secured or unsecured, although most are secured or backed by collateral. In order to obtain an unsecured working capital loan, the organization will require a high credit rating to ensure the lender some insurance that they will be repaid.

Legal Next provides Working capital loan in collaboration with top banks and NBFC’s and offers customized working capital loan for small and medium enterprises to meet working capital requirements.

We offers the best features of several types of such loans to create an offering which is suited for Indian SMEs and start-ups.

Product 2: Business Loans

Business loan is an unsecured credit you can avail to meet your growing business’s urgent requirements. Legal Next understands that each business has unique financial needs, through Legal Next you can avail online business loans with swift processing because we don’t make you stand in queues or burden you with heavy paperwork.

Based on the information you provide, we suggest customized business loans that are tailored to meet the specific needs of a new age business or startup.

Rest assured, at Legal Next, we work hard in ensuring customer convenience so that you can focus on growing your business while leaving the financial aspects to us.

Product 3: Personal Loans

Availing a Personal Loan as an additional back-up is something you could consider if you find yourself in a tough spot. Some people take Personal Loans to consolidate their credit card debt. You too can do this and pay off your existing credit card outstanding amount. Legal Next has products which offer Personal Loans for home renovation as well as consumer durables like a television or a refrigerator – the possibilities are endless.

A decade or so ago, taking a Personal Loans was not common. Now, with rising incomes and increased competition among banks to improve their credit portfolios, Personal Loans have become more accessible to get. There are various advantages of taking Personal Loans. Banks these days offer attractive interest rates as well as the flexibility of repayment.

We offer a comprehensive range of personal loans, so whether you want a loan for your dream vacation, wedding or medical emergency, we have got you covered. Our instant approval on personal loans comes with key features like minimum documentation, maximum flexibility.

Product 4: Loan Against Property

If you’re looking to fund planned needs – like investment in business and have a commercial or residential property which you can offer as collateral, then we are here to help. We offers easy and hassle-free Loan against Property in collaboration with major banks and NBFC’s.

Product 5: MSME Loans

MSME stands for micro, small and medium enterprises, sometimes it is also shortened to SME for small and medium enterprises. But, in essence, MSME and SME Loans are the same and are offered to businesses that fall under these two categories. Mostly, these loans are given to startup owners, small business owners and women entrepreneurs on a short-term basis. The duration of MSME / SME loans varies from lender to lender. As MSME loans are unsecured MSME / SME Loans, there are some minimum eligibility requirements in order to reduce the risk for lenders.

Product 6: Business Loan for Women

India is witnessing a phenomenal growth in its small and medium enterprise sector. The MSME sector contributes over 45% of our industrial output, forming 40% of the GDP output. A part of this success story is being written by the country’s women entrepreneurs. Traditionally, women entrepreneurs have found it hard to secure business finance due to a number of social stigmas. However, the recent evolution in business finance and the emergence of FinTech platforms has made it easier for women entrepreneurs to get business loans. Today, business loans for women are also enabling self-employment in rural and urban India.

Product 7: Home Loan

You can now fulfil the dream of owning a home and moving ahead with your aspirations with Home Loans from Legal Next. At Legal Next, we help you compare, select and apply for the best home loan rates from India’s top Banks and Housing Finance Companies (HFCs). And what’s more is that our home loan processing involves minimum documentation and is easy and seamless. Moreover, our years of experience in the industry make us the reliable home loan provider you have been looking for!

At Legal Next, we make sure that while you’re out and about looking for a decent abode for yourself and your family, the last thing you’ve to worry about are the finances. We provide comprehensive information on home loans along with the convenience to apply for home loan online and get an instant conditional e-Approval in just a few steps.

Product 8: Professional Loan

Professional loans are loan facilities granted to working professionals like doctors, lawyers, chartered accountants, architects, etc. who are looking for funds to start their own practice or expand their trade. A lot of people often confuse a professional loan with a business loan. This confusion is obvious as there is a very fine line between the two. While business loans are generally taken up by start-ups or big enterprises looking to expand their businesses further, professional loans are often granted to borrowers with specific needs and eligibility. In simple words, these loans are often tailor-made to suit the need of a particular business’ needs. For instance, the funds required for setting up a doctor’s clinic might be different from the funds needed to set up an architectural firm. Therefore, most banks and loan-providing financial institutes take into consideration factors such as the borrower’s professional degrees, total working experience, the reason for availing funds, and other such factors while granting a professional loan.

Product 9: Bank Guarantee / Letter of Credit Bank Guarantee (BG)

It is primarily known as non-fund based working capital financing. Bank guarantee is acquired by a buyer or seller to reduce the risk of loss to the opposite party due to non-performance of the agreed task which may be repaying the money or providing of some services etc. A buyer ‘B1’ is buying some products from seller ‘S1’. In this case, ‘B1’ may acquire a bank guarantee from the bank and give it to ‘S1’ to save him from the risk of nonpayment. Similarly, if ‘S1’ may acquire a bank guarantee and hand it over to ‘B1’ to save him from the risk of getting lower quality goods or late delivery of goods etc. In essence, a bank guarantee is revoked by the holder only in case of non-performance by the other party. Bank charges some commission for same and may also ask for security.

Letter of Credit (LOC)

It is also known as non-fund based working capital financing. Letter of credit and bank guarantee has a very thin line of difference. Bank guarantee is revoked and the bank makes payment to the holder in case of non-performance of the opposite party whereas, in the case of a letter of credit, the bank will pay the opposite party as soon as the party performs as per agreed terms. So, a buyer would buy a letter of credit and send it to the seller. Once the seller sends the goods as per the agreement, the bank would pay the seller and collects that money from the buyer.

BG VS LOC

LOC is a financial document which imposes an obligation on the bank to make payment to the beneficiary on completion of certain services as required by the applicant. LOC is issued by the bank when the buyer requests his bank to make payment to the seller on the receipt of certain goods or services. That is, when the buyer runs into cash flow difficulties or similar situations and thus cannot make immediate payment to the seller, he will approach his bank to make the payment to the seller on submission of certain documents. The bank will later recover the amount paid from the buyer along with the required charges. On the other hand, under BG, the bank is required to make payment to the third-party only if the applicant fails to make the payment to the third-party or does not fulfil the required obligations under the contract.

A BG is essentially used to ensure a seller from loss or damage due to the non-performance by the other party in a contract. LOC is generally misunderstood as BG since they share some common characteristics. They both play a significant role in trade financing when the parties to the transactions don’t have established the business relationships. However, there are a lot of differences between LOC and BG.