Lending Solutions:
Looking for Flexible Term Loans? A term loan is a lump sum amount that is borrowed, usually for capital expenditures (Capex), business expansion, or debt restructuring. This amount is repaid with interest over an agreed tenure which can be short term (typically less than a year) or long term (between 5 to 30 years). These repayments are made via equated monthly instalments (EMIs), often called ‘easy monthly instalments’ that include both principal and interest components.
If you are looking to embark on a journey to turn your big ideas into reality, our Term Loans are just the ticket you need! Whatever be the nature of your big business expense, reach out to us for a term loan solution that is quick, easy and tailor made for your needs.
Need extra funds? We bridge your cash flow gaps with cash credit. Overdraft and cash credit facilities are the extra pair of hands that your business could use to juggle through cash flows! Using it as a financial safety net, businesses can overdraw their accounts up to a sanctioned limit, especially in times of sudden need. Unlike term loans, these are repayable on demand and are secured by hypothecation of current assets. But this is more cost efficient than term loans because interest is calculated ONLY on the amount utilised.
With Mint North, it is possible to get highly flexible repayment terms based on the strength and regularity of your cash flows. The credit limit gets periodically reviewed based on the business’ Drawing Power (DP).
Do you want to turn your bills into cash? We provide quick and easy discounting solutions. This short-term financing solution converts your business’ unpaid invoices into instant cash to keep your business motoring along smoothly. Financial institutions purchase the business invoices at a discounted rate, in exchange for instant cash and liquidity. The discount becomes the lender's fee or interest for providing the advance. But then, the risk of non-payment by the debtor also gets transferred to the lender and so, the borrower can remain stress-free about that.
This is a quick, hassle-free and easy way to manage working capital and optimise the cash conversion cycle, especially when you have loyal customers and vendors that love your company.
Are you navigating International Markets? We offer Foreign Currency Term Loans that can empower your International Venture. Funding to take a business beyond the country’s borders needs debt instruments denominated in a foreign currency because it is available at a potentially lower interest rate compared to domestic debts. Foreign currency term loans (FCTL) become your passport to the world beyond the international boundaries and are linked to global benchmarks such as LIBOR (London Interbank Offered Rate) or SOFR (Secured Overnight Financing Rate).
Companies with revenues or/and expenses in foreign currencies, can reduce currency risk by hedging against the business exchange rate fluctuations. Explore the endless possibilities of FCTL with Mint North and go global with confidence.
Ready to boost your liquidity? Explore our Lease Rental Discounting Services. You can understand lease rental discounting as a term loan where the collateral pledge of the borrower is the future lease rentals from a property. The discounted value of all the future rent payments (till end of lease) is first calculated. This is usually done through the NPV (net present value) method. The tenure of the loan is then matched to the tenure of the lease. The loan amount is finally decided based on the Debt Service Coverage Ratio (DSCR) of the business.
So, if you are a landlord or property owner, you should definitely have lease rental discounting as your top capital raising methods because it is definitely among the most economical ways to do so. Contact Mint North for the best rates and maximum borrowing amount.
If you want to ensure financial safety in your transactions, our Letter of Credit services will facilitate you. For international business payments, the letter of credit serves almost like cash from the bank. Unlike in the bank guarantee, in the letter of credit, the bank itself makes the payment on presentation of required documents like the bill of lading. The bank takes a small percentage of the transaction value as its fee and this ranges from 0.5% to 1.5% depending on how complex the transaction is. Again, the LC protects both parties involved from uncertainties.
Mint North’s Letters of Credit are designed to streamline complex global transactions, offering irrevocable and confirmed LC options to suit your business needs - be it import or export.
Do you want to ensure confidence & security in your financial deals? Think of a bank guarantee as an instrument to insure against the risk of payment default. The fee for the bank is calculated as a tiny fraction of the total amount for which it needs to stand as a guarantor. In this manner, the buyer is assured of credit worthiness for a small fee while the seller is assured of the payment - both because of the bank’s backing. The bank guarantee could either be a performance guarantee or a financial guarantee.
Mint North has nurtured a vast network of reliable and robust banking partners which will surely secure any business deal for you.
Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)
Collateral-free loan with guarantee coverage for micro and small businesses.
CGTMSE is a Government of India scheme launched in the year 2000 in collaboration with the Small Industries Development Bank of India (SIDBI). CGTMSE offers loans to Micro and Small Enterprises (MSEs) without any collateral or third-party guarantee.
Debt consolidation involves combining multiple debts into one loan with a lower interest rate, whereas debt restructuring focuses on modifying the terms of existing debt. Talk to us for the best terms so that you pay lesser interest for higher amount of funds.
No Collateral, No Problem. Get Upto 5 Crore Collateral Free Loan Within Few Days. Avail Loan From Top Banks & NBFC. Minimum Documentation. Quick Disbursal. Easy Repayment.
Mint North offers a one stop solution to a home buyer. Get loan up to 15 Cr. Quick approval and repay over 40 years. You can avail Home Loans for Resale purchase/ flat or apartment purchase/ residential plot purchase plus construction/self-construction and even for re-financing existing loans you may have availed from other banks or housing finance companies.
With our Loan Against Property, you can tap into the immense potential of your property. The loan comes with competitive interest rates, making EMIs manageable.
Avail Loan Against Property up to 80% of property's value. Enjoy low EMIs, attractive interest rates, and up to 20 years of tenure.
When you want to drive your project forward, you must secure financing with Mint North. Where large scale and industrial projects are concerned, project finance comes into the picture. It is a long-term funding mechanism which is repaid via the cash flows that are actively generated as a result of the project itself. This is either a non-recourse or limited-recourse funding model that restricts the lender's claim to ONLY the project's assets and revenue. Key metrics like the Debt-to-Equity Ratio (DER), Loan Life Coverage Ratio (LLCR), and Project Internal Rate of Return (IRR) are critical in assessing the project's viability and determining the loan structure. Project financing is commonly used for construction and operation of highways, power plants, and industrial facilities, with predictable cash flows.
If you have a big project on the horizon, Mint North is here to configure the complex mix of debt, equity and mezzanine financing to get the project off the runway. With our expertise and your commitment, we will see the whole project through, together.
Investment & Risk Management Services
Keyman insurance is a type of life insurance policy that ensures financial protection/Risk Management for SME’s in the event of the unexpected death of a key person. It contributes to the continuation of successful business operations and helps overcome financial inconsistencies during stressful scenarios. Also helps in tax savings.
The Married Women's Property Act (MWP Act) of 1874 in India protects the financial interests of a family in the absence of the husband. It applies to all married women, regardless of their religion or caste. Talk to our experts as to how you can protect your family in your absence.
Protect your business with Mint North’s comprehensive Business Insurance solutions. Talk to our experts to know more about Business Insurance & how we can help you protect your business, enhance employee productivity & retention and also help you save taxes big time.
Health insurance for you as well for your employees. We have it covered. Get the best rates & service.
Protect your family from financial uncertainties in case of your untimely death. Get life cover upto 100Cr(Subject to financial eligibility) & upto 99 years of age. Long term risk coverage also acts like a wealth management/estate planning tool.
High returns with efficient Risk Management as well as liquidity. The perfect tool ever for long term goal achievements. Talk to us to know more about high yielding investment options.
Want guaranteed returns with high liquidity. Look no further, tap into our high rate Fixed deposit schemes. Perfect debt investments in your portfolio.
Want better control of your finances & goals? Have an expert chart out your financial plan keeping in mind returns, risk & liquidity in mind. Don’t leave goal fulfillment to chance, let it run like a perfect plan. Have peace of mind while you enjoy the best what life has to offer.
Want to know how you stand financially on all aspects like knowledge, risk management, planning, goal achievement etc. Get your FES score, a proprietory scoring mechanism developed by MINT NORTH. It is like your financial horoscope.
When it comes to our loved ones, we would always want to give them the very best. So why settle for old ways of gifting that doesn’t offer anything more than a momentary emotional value?
Talk to our gifting experts who will design the perfect gift wherein your loved ones will receive financial security life long whether you are around or not.
