What We Have Here For You
Sukoba specializes in the following type of loans:
Home Loans
Own yours today!
Personal Loans
For all your needs!
Educational Loans
Study Better for a Brighter Future!
Business Loans
For a secure Start-Up!
Mortgage
Best Value from Best Lenders!
Resolution of Bad Loans
Non-Performing Assets (NPAs) are generally known as Bad Loans i.e. where a borrower has defaulted in repayment of a loan and is overdue for more than 90 days old. A resolution of a bad loan means finding ways and means to unlock the economic value of the Non-Performing Assets by rescheduling/restructuring the loan or by offering a One-Time Settlement option with concession in total dues.
Generally, to counter it lenders allow an extension of repayment tenure which reduces the EMI amount, or a moratorium wherein the borrower will not have to pay the EMI for a few months.
Furthermore, if the borrower is in no position to repay or regularise the loan soon as well, the lender accepts a ‘haircut’ wherein the lender waives a certain amount of the loan.
At Sukoba, we recommend an ideal course of action acceptable to both the Bank and the defaulting borrower. Since our team has extensive banking experience, arriving at a negotiable settlement which is the easiest and fastest mode of resolving a bad loan becomes simple.
Restructuring of Irregular Loans
Restructuring is a mechanism to avoid defaulting on current debts by extending the period of repayment, offering a Moratorium on repayment obligations, or reducing the interest rate. Thus by changing the terms of the loan agreement, the debt becomes more affordable and may eventually get upgraded to Standard Category.
In general cases, certain factors both external and internal are taken into consideration e.g. labour unrest, the adverse impact of COVID19, disputes among partners, ascertaining the future of industry/business/market scenario, and ascertaining the need-based fresh financing.
After this, the process of carving out the irregularities in the account, exploring relief in the rate of interest, and matching the repayment obligations with cash accruals is carried out.
With hands-on experience in banks in restructuring cases, we have an edge in formulating restructuring schemes for stressed accounts, as per the norms of the Reserve Bank of India.