F.A.Q

"Get Answers to Your Financial Queries - SKR Fincon Ltd's FAQ Section"

 At SKR Fincon Ltd, we provide funding solutions wherever there is a need for financial support. While the following list offers examples of the industries we serve, it is by no means exhaustive:
  • Engineering Services
  • Construction & Real Estate Development
  • Infrastructure Projects
  • Manufacturing Industries (SMEs, MSMEs, and large corporates)
  • Mining, Minerals, and Metals (excluding gold, precious metals, and stones)
  • Commodity Trading (local and international, including agricultural products, steel, coal, etc.)
  • Petrochemicals
  • Public Transport Companies (government and privately owned)
  • Electronics
  • Consumer Goods
If your business activity isn’t listed here, we’d love to hear about it. Taking on new challenges is what drives us forward!
At SKR Fincon Ltd, we pride ourselves on a robust local and global presence that enables us to deliver tailored financial solutions to a wide range of markets. Our current areas of operation include:

  • South East Asia: Providing innovative funding solutions tailored to the dynamic and rapidly evolving economies in the region.
  • Bangladesh: Supporting businesses with customized financial structures to drive growth and development in this emerging market.
  • India: Operating as a priority market, we offer specialized funding solutions to meet the diverse needs of Indian businesses, including SMEs, MSMEs, and large corporates.
  • Sri Lanka: Empowering businesses with strategic financing options to foster resilience and growth in challenging environments.
  • UAE: Leveraging our expertise to cater to the thriving trade, manufacturing, and real estate sectors in the Middle East.
Future Expansion
Our vision extends beyond these boundaries. We are actively exploring opportunities to expand our footprint into other global markets in the coming years, with a focus on fostering long-term partnerships and supporting businesses across industries.

India remains a top priority for our operations, ensuring that businesses across the country have access to innovative, efficient, and scalable funding solutions.
 At SKR Fincon Ltd, we want you to understand what sets us apart and how we can help transform your financial landscape. Here’s what we believe you should know about us:

We Are Independent

As an independent financial solutions provider, we prioritize a client-centered, holistic, and goals-based approach to every engagement. Our independence ensures that our recommendations are unbiased and tailored exclusively to your needs. We believe in empowering you with financial strategies that feel liberating, putting you in control of your financial future.

We Are Proactive

At SKR Fincon Ltd, conventional, "plain vanilla" funding options have no place. We specialize in innovative and bespoke financial solutions that break the mold of traditional approaches. Our proactive methodology ensures that every strategy is forward-thinking, dynamic, and aligned with the unique challenges of your business.

We Are Committed

Your financial goals and objectives are our top priority. We go above and beyond to give you our full and undivided attention, ensuring that every step we take together is meaningful and effective. By employing proven methods and innovative techniques, we craft personalized strategies to help you meet and exceed your financial aspirations.

The Final Step is Yours

If, and only if, you are ready to take a stand for your financial future, we are here to guide you every step of the way. It starts with a decision—your decision—to embrace change and unlock the full potential of your financial possibilities.

Let’s create a future that aligns with your goals, challenges conventions, and delivers results. With SKR Fincon Ltd, the possibilities are endless.
 At SKR Fincon Ltd, our structured loan products stand out because they are designed to address the unique financial challenges faced by each client. Unlike traditional “vanilla” financial products, our solutions are tailored, dynamic, and crafted with a deep understanding of individual requirements and business scenarios.

Custom Solutions for Unique Needs

Each funding requirement is aligned with the specific goals and circumstances of the client. Whether it’s an immediate financial need or a complex funding challenge, our unconventional approach ensures that every case is analyzed individually to deliver a solution that works best for you.

Alternative Funding Tailored to You

Unlike standardized loan products, alternative funding options require a fresh perspective and case-specific evaluation. We believe in thinking outside the box, assessing every situation on its own merits, and finding innovative solutions to meet even the most challenging requirements.

Unsecured Loans (Pan India) – A Unique Offering

Our unsecured loan products are particularly distinct, catering to businesses in difficult or troubled financial situations. Whether you are facing:
  • Bad CIBIL Scores
  • Defaults with Banks
  • Bridge Loan Requirements
  • Urgent Funds for Statutory Payments
You can approach us with confidence. We specialize in navigating challenging situations, offering customized solutions where conventional lenders hesitate.

No Standard Formulas

We don’t believe in one-size-fits-all solutions. Every case is a challenge, and we welcome these challenges with a commitment to finding workable, effective funding options. Our approach involves a detailed analysis of the client’s unique circumstances, ensuring a comprehensive and innovative financial strategy.

Interactive Features for Better Understanding

For more information and personalized assessment:
  • Visit our Funding / Finance page.
  • Explore our FAQ on Unsecured Loans to gain insights into our offerings.
  • Use our Interactive Loan Assessment Tool for a detailed evaluation of your specific funding needs.

What Sets Us Apart?

  • Tailored Financial Solutions: No two cases are the same; every assignment is treated uniquely.
  • Expert Analysis: Our team evaluates each case with a fresh perspective to deliver unconventional yet effective funding options.
  • Commitment to Problem-Solving: Regardless of the financial difficulties, we take on the challenge to provide the best possible solutions.
At SKR Fincon Ltd, every assignment is an opportunity to innovate, solve problems, and help businesses succeed. 

Contact us today to explore how our structured loan products can make a difference for you.
GENERAL

  1. Certificate of Incorporation of the Company & PAN card (partnership firm registration & deed / registration of sole proprietorship)
  2. Memorandum & Articles of Association / relevant info for firms 
  3. List of present directors on the board of the company / partners / proprietor
  4. Shareholding pattern in case of company
  5. Licenses and registrations (GST & others)
  6. Audited financials – last 2 years
  7. Passport copy of the main signatory / director.
  8. Business profile of the Company & website details
  9. Credit report / rating report latest / D&B
  10. Details of present borrowing (FB &NFB) Bank names / Consortium details
ADDITIONAL DETAILS FOR SUPPLY CHAIN FUNDING 
(UNSECURED INVOICE FINANCE - INVOICENXT)

12. Current debtors & creditors profile age wise
13. Spend report* (suppliers of raw material & consumables) Suppliers' comprehensive with date of invoice & date of payment columns – of last 2 financial years
14. Contracted payment terms of suppliers & mode of transaction – cash purchases, deferred payments, LC etc.- the existing payment methods used by the prospect
15. Sample contracts if any with suppliers
16. ERP details – SAP/ Tally / Dynamics Microsoft / Odoo / Oracle / Deltek /or any other
17. If on SAP, please provide SAP Release, SAP Product Version.
SOME MORE INFORMATION - INVOICE FINANCE - INVOICENXT
18. Payment method - This will help us to better understand the existing payment methods used by the prospect.
19. Payment terms - This will help us to understand the actual terms of payment (in SAP, the individual terms have acronyms, which are not necessarily telling the number of days until payment will be done)
20. Supplier master - This information will help us to a) understand the complexity of the supply chain (number of suppliers, local/overseas, maybe industries involved), but also whether suppliers are already on InvoiceNxt and whether relevant data is
maintained in the first place (e.g. for the onboarding process we need your suppliers to have a primary mail-contact and a valid tax-ID)
21. Spend report – details *
This report gives us a comprehensive overview of the spending for 12 months across all suppliers. The report details information such as supplier ID, invoice date, baseline date, invoice amount, payment date, etc.) This report is key to create an educated estimate about the early payment potential Invoice creation and posting.
22. How are invoices submitted? How do you determine the baseline-date when entering invoices in SAP?
23. What is the time spent between invoices received and invoice posted (days)? Data sheet mentioning invoice generation date and payment date.
24. What is the time spent between invoices posted and invoice paid (days)?
25. Do you have any AP-automation solution in place? If yes, which one?
26. Payments - What is your standard payment terms (days)?
27. How many payment runs does your organization do per month?
28. Do you have a payment approval process?
29. What are your payment methods?
30. Is your SAP-system directly connected to your bank(s)?





General Information

Question: What is an unsecured loan?
Answer: An unsecured loan is a loan that is not backed by any collateral. Unsecured loans are typically more expensive than secured loans, but they can be a good option for borrowers who do not have any collateral to offer.
Question: Name the Circumstances addressed? Sample cases.
Answer:
  • Need cash in a flash.
  • Financial hurdle
  • No negative sectors as long as borrower is strong enough to repay.
  • Last mile funding
  • Negative CIBIL history but current position in the last 12 months is good.
  • NCLT cases - funds needed for acquisition through bidding
  • Bridge loans against bank sanction letter.
  • Statutory payments immediate need.
  • Urgent trade fund requirement.
  • Work orders
  • Stop gap arrangement
 1. Q: What is the loan amount range offer for unsecured loans?
A: Unsecured loans ranging from Rs. 5 crores to Rs. 50 crores.
2. Q:  Are unsecured loan offers available throughout India?
A: Yes,  Unsecured loans can be availed pan India.
3. Q: What is the maximum loan amount I can apply for ?
A: You can apply for a maximum loan amount up to Rs. 100 crores.
4. Q: What is the minimum loan amount I can apply for ?
A: The minimum loan amount you can apply for is Rs. 5 crores.
5. Q: Are these unsecured loans offered for both personal and business purposes?
A: In order of preference, the unsecured loans offers are for business purposes.
6. Q: What is the eligibility criteria in applying for an unsecured loan ?  
A: No specific criteria. Based on needs. Eligibility criteria may vary, but typically, it includes factors such as your creditworthiness, business stability, and financial records. It's best to contact our representatives for specific details or reach out to us on our specialized interactive platform on this website for immediate response.
7. Q: What is the interest rate for unsecured loans? 
A: The interest rate for our unsecured loans can vary based on your credit profile and other factors. Please get in touch with our team for a personalized quote.
8. Q: How long does it take to process an unsecured loan ?
A: The processing time may vary, but we strive to process applications efficiently. Normally within 72 hours. It's best to contact us for estimated processing times.
9. Q: What documents are required to apply for an unsecured loan ?
A: The specific document requirements may vary, but generally, you will need to provide business financial statements, KYC documents, and other relevant financial records. Please refer to the General KYD requirements in this section on the top.  
Our team will guide you through the document submission process.
10. Q: How can I apply for an unsecured loan with Skr Fincon Ltd? 
A: You can start the loan application process by visiting our website or contacting our customer support team. They will guide you through the application steps.
11. Q: What is the repayment tenure for unsecured loans.
A: The repayment tenure for our unsecured loans is maximum 6 months (180 days)
12. Q: Is there a prepayment penalty for unsecured loans ? 
A: The terms regarding prepayment penalties, if any, will be outlined in your loan agreement. It's essential to review the terms and conditions before finalizing the loan.
13. Q: Can I apply for an unsecured loan with bad credit? 
A: Yes. Lender evaluates loan applications based on various factors. But negative factors if any can be assessed.
14. Q: What security or collateral is required for an unsecured loan ?
A: Unsecured loans do not require collateral; evaluation and appraisal by the lender will determine the finality.
15. Q: How can I contact Skr Fincon Ltd for more information or to apply for an unsecured loan? 
A: You can contact us through our website, customer support hotline, or get on an interactive session online for quick processing. You can also use your chatbot to answer more specific questions about Skr Fincon Ltd's 6-month unsecured loan product offering. For more information and to initiate the loan application process please email details to ops@skrfincon.com.

Please note that specific terms and conditions, eligibility criteria, and interest rates may change over time.

Loan are sanctioned and approved at the sole discretion of the lender.

Reach out to us directly for the most up-to-date information and to discuss your unique financial needs.

We do not entertain phone calls, WhatsApp calls for Unsecured Loan information/ discussion.

Declaration of Non-NBFC Status
We, Skr Fincon Ltd, hereby declare and affirm that we are not a Non-Banking Financial Company (NBFC) as defined by the Reserve Bank of India (RBI) or any other applicable regulatory authority. We wish to clarify that our primary business operation is solely that of an intermediary or loan arranger. We do not engage in the acceptance of public deposits or the provision of loans or advances on our own account. Instead, we act as facilitators connecting borrowers with affiliated investors and lenders who are willing to provide financial assistance. Our role is limited to arranging and facilitating loan transactions between borrowers and our network of affiliated investors and lenders. We do not engage in the business of lending, borrowing, or financial intermediation directly. We do not use our own funds or resources to provide loans to any party. Furthermore, we are fully committed to complying with all relevant laws, regulations, and guidelines governing the financial sector in India. We maintain complete transparency in our operations and strive to ensure that all our activities are conducted in accordance with the legal and regulatory framework applicable to loan arrangement services. This declaration is made to affirm our status as loan arrangers and to provide clarity regarding our business operations. We shall undertake all necessary steps to ensure ongoing compliance with the prevailing regulatory requirements, including any updates or amendments that may arise. Should there be any questions or inquiries regarding our status as a loan arranger or any other matters related to our business operations, we welcome inquiries and are available to provide further clarification as needed.

Building a meaningful and effective partnership with SKR Fincon Ltd begins with what we call “The Get-to-Know Moment.” This introductory phase allows us to understand your business vision, financial needs, and objectives while offering you clarity about our processes and solutions.

Steps to Begin the Process

  1. Explore Our FAQ Section:
    • Access comprehensive details, requirements, and checklists to prepare for your funding journey.
  2. Engage with Our Interactive Platform:
    • Fuel immediate engagement through our platform, designed to streamline communication and initiate the process seamlessly.
  3. Write to Us:
    • Share your requirements at ops@skrfincon.com for a direct line of communication.
  4. Fill Out the Contact Form:
    • Simplify the process with our easy-to-use contact form, ensuring we have all the basic details to get started.
What Happens Next?

Once we receive the requisite details, we will begin exploring your business’s unique financial landscape. This involves:
  • Understanding your business vision and funding requirements.
  • Evaluating the pros and cons of various financial structures tailored to your needs.
  • Analyzing your financial strengths and weaknesses to identify secured and unsecured funding possibilities.
  • Assessing your current financial commitments and your approach to risk management.
If we determine that there is a strong alignment between your needs and our solutions, our client service team will take the next steps to organize and facilitate the process.

Document Collection and Strategy Crafting

  1. Data Gathering: Our client service team will work closely with you to collect, track, and organize the necessary financial statements and supporting documents.
  2. Customized Planning: Based on the collected information, we will craft a tailored financial plan that aligns your entire financial picture with your business goals.
Formalizing the Relationship

Before moving forward, we will establish a Non-Circumvention, Non-Disclosure (NCND) agreement to ensure transparency and mutual understanding. Once the NCND is signed, our team will begin the due diligence process and detailed information collection.

Why Choose SKR Fincon Ltd?

  • Client-Centric Approach: We take the time to understand your unique needs and vision.
  • Comprehensive Evaluation: Our in-depth analysis ensures the most suitable funding solutions.
  • Transparent Process: We prioritize clear communication and formal agreements to establish trust.
  • Tailored Solutions: Every step of the process is customized to align with your financial goals and requirements.
Ready to Begin?

Contact us today and take the first step toward a meaningful partnership with SKR Fincon Ltd. Let’s work together to align your financial goals with innovative, bespoke solutions that drive success.