Poonawalla Fincorp inks deal with ICSI to offer Special term loans for its members

Poonawalla Fincorp, a Mumbai-based non-banking financial company (NBFC) has signed a memorandum of understanding with the Institute of Company Secretaries of India (ICSI) to provide collateral-free term loans to ICSI members as well as its employees. 

In a statement issued, Poonawalla Fincorp said, “The scheme will benefit over 65,000 ICSI members across the country.” 

“The scheme will have an attractive interest rate, zero prepayment charges, and a host of other attractive benefits,” it added.

“This is a unique offering covering company secretaries professionals across the country powered by a completely digital and 100% paperless process along with E-Agreement and E-NACH for fully online offering,” the statement further said.

Commenting on the MoU CA Abhay Bhutada, Managing Director, Poonawalla Fincorp Limited said “We believe that for entrepreneurial growth to thrive, professionals like company secretaries need to be supported in fulfilling their financial needs. This scheme is a step in this direction.”

In line with the company’s objective of providing hassle-free loans to professionals to meet their financial needs, the company has planned for similar tie-ups.