Is BIG LOANS a bank or NBFC?

No. BIG LOANS is a debt advisory and loan facilitation firm. We are not an RBI-regulated lender and do not lend on our own balance sheet.

What is the minimum and maximum ticket size BIG LOANS handles?

Our focus is ₹100 crore and above. We routinely arrange transactions up to several thousand crore through syndication.

Which industries does BIG LOANS serve?

BIG LOANS is industry-agnostic across manufacturing, real estate, infrastructure, healthcare, energy, IT/ITES, hospitality, NBFC, fintech and more.

What is the typical timeline from mandate to disbursement?

Typically 6–12 weeks for working capital, 10–16 weeks for term loans, and 12–24 weeks for syndicated project finance.

How does BIG LOANS charge its fees?

A modest engagement retainer plus a success fee linked to actual disbursement, governed by a written engagement letter.

Does BIG LOANS guarantee loan sanction?

No. Sanction is the sole prerogative of the regulated lender, based on its credit policy.

Service · Structured Debt & Syndication

Structured debt, when one lender isn't enough.

Multi-lender syndication and structured debt for ₹250 Cr+ deals that exceed a single bank's appetite. We design the security waterfall, draft the Common Loan Agreement, and place the debt across banks, NBFCs and AIF credit funds.

Ticket: ₹250 – 5,000 Cr+Lenders: 3 – 12 in consortiumTimeline: 14 – 24 weeks

Discuss your mandate → See the process

What is structured debt & loan syndication?

Loan syndication is the arrangement of a single loan by a group of lenders (the "syndicate" or "consortium") who collectively fund a borrower under one agreement. Used when the ticket size exceeds a single lender's exposure limit, the borrower wants diversified relationships, or the security/tenor profile is unusual. Structured debt refers to bespoke debt instruments — staggered tenors, bullet repayments, mezz tranches, payment-in-kind interest — designed around the borrower's cash-flow profile.

Section 01 — Overview

Bespoke debt structures for non-vanilla situations.

When the ticket is ₹500 Cr or above, no single Indian lender will (or should) take the full exposure. The loan must be syndicated — split across 3–12 lenders proportionally to their appetite.

BIG LOANS designs and executes these structures end-to-end: lender shortlist, security and intercreditor structure, Common Loan Agreement, payment waterfall, escrow / TRA mechanism, step-in rights, voting thresholds for amendments and enforcement.

Common Loan Agreement across 3–12 participating lenders
Intercreditor agreement governing voting, enforcement, restructuring
Staggered tenor / bullet structures for non-amortising cash flows
Mezz tranche layered on senior debt (for higher leverage)
Payment-in-kind (PIK) interest, equity kickers, conversion options

Typical ticket

₹250 – 5,000 Cr+

Lenders in syndicate

3 – 12

Tenor

3 – 12 years

Senior pricing

MCLR + 50–250 bps

Mezz pricing

12 – 18% IRR

Timeline

14 – 24 weeks

Section 02 — Use cases

When you need a syndicated structure.

Six common situations where promoters approach BIG LOANS for structured / syndicated debt.

Ticket exceeds single-lender ceiling

A ₹1,200 Cr term loan that no single bank will take in full — syndicated across 4–6 banks proportionally.

Diversified relationships

Promoter wants to avoid concentration on one bank. Voluntary syndication across 3–5 lenders even when one could fund alone.

Senior + mezz structure

Senior debt from banks + mezz from credit funds, layered under a single intercreditor agreement.

Staggered tenor structure

Different tranches with different tenors (5/7/10 yr) and pricing — optimised to projected cash flow.

Refinancing distressed debt

Restructured borrowers seeking to refinance higher-cost CDS/ARC debt with a fresh syndicate at lower pricing.

Acquisition financing

M&A transactions where senior banks + AIF mezz fund the acquisition together under a syndicated structure.

Section 03 — At a glance

Syndication structures compared.

Structure	Lenders	Documentation	Use case
Multiple banking	2 – 4 banks	Separate sanctions	Up to ₹500 Cr WC
Consortium	3 – 8 banks under CLA	Common Loan Agreement	₹500 – 2,500 Cr term
Club deal	3 – 6 lenders, no lead	Negotiated bilaterally	Mid-size, known borrowers
Syndicated loan	5 – 15 lenders + lead arranger	Full ILA + CLA + intercreditor	₹1,000 Cr+ complex deals

A consortium of lenders signs a single Common Loan Agreement with the borrower.

Section 04 — Our process

How structured deals close.

Syndicated deals take 14 – 24 weeks. Documentation is heavy because multiple lenders must align on every clause.

Structure design

Optimal capital structure: senior tranche sizing, mezz layer, tenor, security, payment waterfall, intercreditor terms.

Week 1 – 2

Lender shortlist + IM

Bank lead-arranger appointed. IM and term sheet prepared. Pitched to 6–10 lenders simultaneously.

Week 2 – 5

Allocation + indicative term sheets

Lenders submit indicative bids. Final syndicate composition decided based on pricing, allocation appetite.

Week 5 – 10

Documentation

CLA + intercreditor + security trustee + escrow agreement. Iterations with 6–10 lender legal teams take 4–8 weeks.

Week 10 – 18

CP satisfaction + first drawdown

All CPs satisfied: security creation, regulatory consents, intercreditor in place. First drawdown.

Week 18 – 24

Section 05 — Documents

Structured debt documentation.

Documentation is the heaviest part of any syndicated deal — multiple lender legal teams iterate on every clause.

Standard borrower docs

3 years audited, projections, MOA/AOA, board resolutions, KYC, group exposure, existing facility letters.

Transaction docs

For acquisition: SPA, transaction structure memo. For capex: DPR, TEV. For refinance: existing loan docs.

Security & intercreditor

Hypothecation deeds, mortgage deeds, share pledge, corporate guarantee, intercreditor agreement, security trustee.

Escrow / TRA

Escrow agreement defining cash-flow waterfall: senior debt service first, then mezz, then promoter sweep.

Section 06 — Lender universe

Who participates in syndicated debt.

Syndicated debt sees the widest lender participation. Different lenders take different tranches.

01PSU Banks (lead arranger or large senior contributor)

02Large Private Banks (HDFC, ICICI, Axis, Kotak)

03Foreign Banks (StanChart, HSBC, DBS, Citi)

04Infrastructure NBFCs (REC, PFC, IIFCL, IREDA)

05AIF Credit Funds (mezz tranche or special situations)

06Family Offices (top-up / mezz)

Section 07 — FAQ

Structured debt & syndication — FAQs.

Difference between multiple banking, consortium and syndication?

Multiple banking: 2-3 banks separately sanction; no joint agreement. Consortium: 3-8 banks under a Common Loan Agreement with a lead bank. Syndication: a lead arranger sells participations to other lenders.

What is a Common Loan Agreement (CLA)?

A single loan agreement signed by all syndicate lenders and the borrower, standardising terms. Defines voting thresholds: 66% for amendments, 75% for restructuring, 100% for material terms like pricing.

How is pricing determined?

Typically uniform pricing across all senior participants in the same tranche. Different tranches (senior vs mezz) have different pricing. Lead arranger may charge a small additional fee.

What is an intercreditor agreement?

A side agreement between lenders (not the borrower) defining how they coordinate — voting on amendments, sharing enforcement proceeds, payment ranking, security trustee agency. Critical in default scenarios.

Can a lender exit mid-tenor?

Yes — through novation (full transfer), assignment (transfer of economics), or sub-participation (silent transfer). Most CLAs allow these subject to borrower consent.

What does BIG LOANS charge for structured deals?

Engagement retainer + success fee of 75 – 150 bps of arranged amount, split between sanction and drawdown. For ₹2,000 Cr+ deals, success fee may step down on a sliding scale.

Often combined with…

Big-ticket structured need?

Let's structure your syndicated deal.

Share the transaction brief and indicative ticket size. We respond with optimal structure, lender shortlist and timeline within one working day.

Discuss your mandate → mandates@bigloans.in

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