Pursuant to Circular number DNBS.PD/CC.No.95/03.05.002/2006-07 dated May 24, 2007 and Notification Number DNBS. 204/CGM(ASR)-2009 dated 2 January 2009, the Reserve Bank of India requires all Non Banking Financial Companies to comply with certain procedures with respect to the setting of interest rates for loans. This document is intended to present our policies with respect to this Circular and Notification on the loans or advances booked in SVB India Finance Private Limited.
SVB India Finance Private Limited has adopted a risk-based approach for client classification for the purpose of determining applicable rate of interest, which differs for each client, primarily based on risk factors such as stage of profitability and growth, probability for subsequent capital raising, growth potential, industry, net worth, appropriate debt level, and nature/purpose of proposed loan/advance.
Our policy is to be transparent with respect to interest rate at all times. We achieve this by:
The interest rate applicable to a particular loan is determined by reference to a number of factors, including:
As each transaction we enter into is individually assessed, we do not publish interest rates. However, as noted above, the interest rate applicable to any loan transaction a customer wishes to enter into with us will be transparently disclosed in the loan documentation we submit to the customer.
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