StockWatch
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Non Banking Financial Company (NBFC)
Loan & Debt14 Oct 2026, 09:40 pm

Smart Finsec Secures ₹15.60 Cr Loan for Business Expansion

AI Summary

Smart Finsec Limited has entered into a Loan Agreement with Bajaj Housing Finance Limited to avail a financial facility of up to ₹15.60 Crores (₹1560 Lacs). The loan, secured on October 14, 2026, is intended for business expansion and carries an interest rate of 8.75% per annum on a floating basis. The maximum tenure for the loan is 144 months. The agreement involves a first charge over the company's property located at B-10/13 DLF Phase 1, Gurugram-122003 as security. The transaction is not considered a related party transaction.

Key Highlights

  • Smart Finsec secures ₹15.60 Cr loan facility.
  • Loan proceeds earmarked for business expansion.
  • Interest rate is 8.75% floating for 144 months.
  • First charge on Gurugram property as security.
  • Transaction is not a related party deal.