WeWork | Loans and Grants

Loans and Grants

Disclaimer: WeWork India Management Private Limited is providing information to you about certain third party’s services (each, a “Service Provider”) which we believe may be helpful to you. You acknowledge understand and agree that WeWork does not endorse and/ or  is not responsible for any such third-party products or services offered by any such Service Provider (“Services”).
 
The Services are made available exclusively by each Service Provider, and WeWork India Management Private Limited is not responsible for the performance of the Services and does not make any representations and / or endorsement about the Services. For any disputes or concerns regarding a Service obtained from a Service Provider, you must contact the Service Provider directly. A Service Provider may provide goods or services that require a Service Provider to have a regulatory authorization or license. WeWork India Management Private Limited does not verify, validate, or collect evidence of any such regulatory information about any Service Provider. You should make whatever investigation you deem necessary before purchasing any offering from a Service Provider. Each Service Provider is solely responsible for the accuracy, care and quality of the Services being provided. Please contact the Service Provider directly with any issues or concerns.


Faircent Anti Lockdown Loan

Faircent believes in extending a helping hand in tough times and considering the current situation, we have launched a new product named as ‘Anti-Lockdown Loan’ which will help you in financial crunches.In Anti-Lockdown Loan you need to worry for EMIs for next 3 months and you are also free to make part payments or foreclosure as per your pocket.

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Reserve Bank of India

For NBFCs and micro finance institutions, the RBI proposed to make available liquidity worth ₹50,000 crore under the Targeted Long term repo operation (TLTRO) 2.0. This will allow banks to access 3-year funding from RBI to invest in investment grade corporate papers of small and mid-sized NBFCs and MFIs.

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Covid-19 Startup Assistance Scheme (‘CSAS’) by Small Industries Development Bank of India (SIDBI) 

Responsive to the need of the hour to fight Corona Virus from all fronts, Small Industries Development Bank of India (SIDBI), the principal financial institution engaged in the promotion, financing and development of Micro and Small Enterprises (MSEs), has launched SAFE (SIDBI Assistance to Facilitate Emergency response against Corona Virus) scheme. 

MSEs engaged in manufacturing of hand sanitizers, masks, gloves, head gear, body suits, shoecovers, ventilators, goggles, testing labs etc. can avail loans up to Rs. 50 lakh at a fixed interest  rate of 5 per cent for a maximum loan repayment tenure of 5 years. These are collateral free loans and may be sanctioned within 48 hours of applying and submission of documents.

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SBI COVID-19 Relief Measure

i) Term Loans: In terms of RBI COVID 19 regulatory package, SBI has initiated steps to defer the instalments and interest/EMIs on Term Loans falling due between 01.03.2020 to 31.05.2020. Accordingly, the total repayment period will be extended by 3 months over the original repayment period.

ii) Working Capital: In respect of working capital facilities sanctioned in the form of Cash Credit/OD, interest applied during the period 01.03.2020 to 31.05.2020 shall be deferred and interest accumulated for the period shall be paid/recovered after the expiry of deferment period along with the monthly interest for June 2020.

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Facebook- Small Business Grants programme

Facebook to offer financial support to small businesses affected by COVID-19 by giving $100 million in ad credits and cash grants to 30,000 small businesses in more than 30 countries. The grants will also apply to news publishers.

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