Signs loan agreement with Bajaj Housing Finance to avail facility of up to Rs. 15.60 Crores
Smart Finsec Ltd has entered into a Loan Agreement with Bajaj Housing Finance Ltd to avail a facility of up to Rs. 15.60 Crores.
By ScoutQuest · · 2 min read
- Facility Amount
- up to Rs. 15.60 Crores
- Interest Rate
- 8.75% p.a. (floating)
- Maximum Period
- 144 months
The company has entered into a Loan Agreement with Bajaj Housing Finance Limited to avail a financial facility of up to Rs. 15.60 Crores (Rupees Fifteen Crores and Sixty Lakhs Only). The agreement was executed on October 14, 2026.
Loan details as stated
- Lender: Bajaj Housing Finance Limited
- Borrower: Smart Finsec Limited
- Nature of loan: Loan against Property (LAP)
- Amount of loan granted: Rs. 15.60 Crores
- Purpose: business expansion
- Interest: 8.75% p.a. (floating rate)
- Maximum period: 144 months
- Total amount outstanding: Nil
- Security: first charge over the company's property at B-10/13 DLF Phase 1, Gurugram-122003
About the parties
The company holds Nil shareholding in the lender. The update states the parties are not related to the promoter, promoter group or group companies, and the transaction does not fall within related party transactions.
What this means in simple terms
- The company is taking a loan for business expansion. The money is raised from a housing finance lender and is a loan against property.
- Interest is at 8.75% p.a. on a floating rate. A floating rate is one that can move up or down over the life of the loan, so the interest cost is not fixed for the entire tenure.
- The loan has a maximum period of 144 months, which is 12 years. The actual repayment schedule is governed by the agreement.
- The loan is secured by a first charge on a company property located in Gurugram. A first charge means the lender has the first right over that property in case the loan is not repaid as per the agreed terms.
- The total amount outstanding is shown as Nil, and the company's shareholding in the lender is shown as Nil.
Also from Smart Finsec
Board approves availing Rs. 15.60 Crores loan from Bajaj Housing Finance
14 Oct 2026
Corporate guarantee released by Axis Bank; guarantor's obligation ceases, underlying credit facility continues
6 Oct 2026
Corporate guarantee for group firm's credit facilities released by Axis Bank
6 Oct 2026
More numbers
- Loan facility amount (up to)Rs. 15.60 Crores
- Size of agreement15.60 Crores
- Interest rate8.75% p.a.
- Maximum loan period144 months
- Total amount outstandingNil
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