Loan & Debt14 Oct 2026, 09:30 pm
Smart Finsec Secures ₹15.60 Cr Loan from Bajaj Housing Finance
AI Summary
Smart Finsec Ltd's Board of Directors, at its meeting on October 14, 2026, approved availing a financial facility (loan) of ₹15.60 Crores from Bajaj Housing Finance Limited. The loan is intended for business expansion and carries a floating interest rate of 8.75% per annum. The maximum tenure for the loan is 144 months and it will be secured by a first charge over the company's property located in Gurugram.
Key Highlights
- Board approved a ₹15.60 Crore loan from Bajaj Housing Finance Limited.
- The loan is designated for the company's business expansion.
- It features a floating interest rate of 8.75% p.a. for up to 144 months.
- The loan is secured by a first charge on the company's Gurugram property.
Price Impact
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