India Loans and Advances
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Credit Suisse through its subsidiary Credit Suisse Finance (India) Private Limited (CS Finance - India) offers loans and advances to its clients including individuals and corporate clients.
The Company primarily caters to high net worth and ultra-high net worth individuals who have investments in financial assets and are existing customers or prospects of Wealth Management division of Credit Suisse1 group entities. Typically, the loan product being offered by the Company is backed by marketable securities that includes but not limited to Equity Shares, Mutual Funds, Bonds, Debentures and or credit enhancement (backed by a SBLC/Bank Guarantee/Hold Cover)
Statutory Policies
Product & Features
CSFIPL offers to its borrowers
(a) Term Loan and (b) Credit line-based lending (CLBL) linked to fixed Rate of interest and/or floating rate.
Floating rate loans shall normally be linked to 1m Certificate of deposit (CD) or any other external benchmark rate as may be adopted from time to time, whereby such external benchmarks shall be as published by FBIL – Financial Benchmark India Limited. Fixed rate loans are not linked to any external benchmark; the interest rate for such loans is based on the various costs that are incurred by the Company as outlined below.
Based on few factors, the indicative rate of interest charged to customers shall in the range of 6% to 24% per annum, excluding of fees, commission, other charges etc. Also, as the company offers bespoke structuring and pricing to each customer, the interest rate may vary from customer to customer even though some of them may have common features.