Fillup the Form to Get Non Banking Loan Recovery
What is Non Banking Loan Recovery ?
It is a Business Credit Management & Information strategy designed specifically for businesses with valid GSTIN and valid documents, facing challenges from defaulters. It empowers businesses to effectively manage their credit, report of business default, and access comprehensive Credit Information Reports based on market transactions, thereby fostering informed decision-making in the business.
What type of services are there available?
- Report Defaulter– The process of reporting a defaulter is very easy and completely free for all the registered members. By reporting a defaulter, MSME and businesses not only help themselves, as the settlement option is available on our portal but also make sure that others do not fall in the trap of habitual credit defaulter. The reported defaulter will be exposed all over India as the Credit Information Report and Credit Defaulters list will be available to all the members across India.
Business Credit Management– The Business Credit Management feature helps customers to manage their credit transactions digitally. Most of the transactions between Buyers and Suppliers are on Credit which might later become a defaulted transaction. Hence to ensure that there is a minimum probability of someone not making a repayment either in terms of Payment or Material Delivery, Business Credit Management will serve the purpose. It is the initiation, acknowledgement and tracking of the transactions between Buyers and Suppliers.
- Credit Information Report– MSME and businesses can enroll themselves and seek information about other businesses and clients before entering into a business deal. Being a dependable source of authentic information about companies and clients, business owners trust us and seek our help to make decisions before making any business deal with an altogether new business or client.
Settlement– Loan defaulters list is identified and added by the registered members. However, if the concerned parties, the registered member and the defaulter agrees and settles the payment then the registered member could remove the defaulter’s name from the list of defaulters.
The payment settlement is strictly between the defaulter and the registered member and we do not in any way have any say in it. It is the sole discretion and will of the registered member to ask for the removal of the defaulter’s name from the list.
How to get Non-Banking Loan Settlement from FinoFriend ?
You have to submit the enquiry. After the submission our representative will contact you and help you for the process.