On-lending lines from banks, NCD placement for capital diversification, securitization of receivables, and ECB structures for NBFCs and fintechs. RBI-regulated NBFC structuring expertise.
BIG LOANS arranges debt mandates for Indian regulated NBFCs (Type I, Type II, IFCs, MFIs, HFCs) and lending fintechs — for whom debt IS the raw material of business. Most common products: bank term-loan lines (banks lend to NBFCs who on-lend to retail / SME); NCD placement (primary capital source for most established NBFCs); securitization of receivable pools (PSL/PTC transactions); and ECB for larger NBFCs with structuring through GIFT IFSC or mainland route.
For NBFCs and lending fintechs, cost of borrowing is the single most important variable after asset quality. Every 25 bps reduction in borrowing cost translates directly to spread and ROE. The capital structure typically mixes bank term-loan lines, NCDs (50-70% of liabilities for most established NBFCs), securitization (off-balance-sheet for some asset classes), and sometimes ECB for larger players.
Regulatory framework is dense — RBI prescribes NBFC asset classifications (Type I, Type II, IFCs, MFIs, HFCs), capital adequacy (Tier 1 / Tier 2), exposure limits, and the SARFAESI / IBC framework for asset enforcement. All of this affects debt structuring.
Common funding situations for NBFCs and fintechs.
Term loans from banks to NBFC for on-lending. ₹100-1,000 Cr per bank, multiple bank relationships typical.
Private placement of NCDs to mutual funds, insurance, AIFs. ₹250-2,500 Cr issues, listed or unlisted.
Securitization of receivable pools via PTC / Direct Assignment routes. Off-balance-sheet capital release.
Sub-debt to bolster Tier 2 capital, typically through NCD placement to specific investors.
Cross-border debt for larger rated NBFCs. Restrictions apply per RBI ECB framework for NBFCs.
Bank credit lines + alternative funding for fintech lenders — combining bank lines + AIF credit fund + venture debt.
NBFCs use almost every BIG LOANS product, with NCD as primary.
NBFC funding combines bank lines, NCD investor universe, and securitization buyers.
SBI, BOB, HDFC, ICICI, Axis — all have large NBFC lending desks. Typical ticket ₹100-1,000 Cr per bank.
Mutual fund debt funds (largest), insurance companies (LIC, HDFC Life, SBI Life), AIF Cat-II funds, family offices.
Banks (for PSL fulfillment), mutual funds, insurance companies — primary buyers of PTCs and Direct Assignment pools.
StanChart, HSBC, DBS — selectively for top-rated larger NBFCs.
Active for NBFC sub-debt / Tier 2 capital tranches.
Same 5-stage process for any large-ticket corporate debt mandate, applied to nbfcs & fintech specifics.
NDA, then a short call to understand the business model, key financial drivers, capital need. Sector-specific risk factors mapped early.
Optimal facility mix, tenor, security. Lender shortlist tuned to sector appetite — banks for vanilla, NBFCs / AIFs for specialty structures.
Sector-grade Information Memorandum, financial model, market analysis. Pitched to shortlisted lenders in parallel.
Multiple sanctions negotiated in parallel on pricing, covenants, security. Final lender(s) selected.
Loan agreement, security creation, CPs satisfied, drawdown. Sector-specific compliances (RERA, FEMA, SEBI, etc.) handled along the way.
Share a one-page brief on your business and funding need. We respond within one working day with feasibility, structuring and lender shortlist tuned to your sector.