Laxmi Fincorp offers cheques-based loan, which is designed to help customers access finLaxmi Fincorp is one of India's leading non-banking financial companies (NBFCs), providing financial services and solutions to its customers across the country. The company specializes in offering unsecured loans, financial products, and services to its customers.
Non-performing assets (NPAs) are loans, advances, or any other financial instruments that are not meeting the repayment obligations as per the terms of the loan agreement. Non-performing assets are a major concern for lenders as they carry a higher risk of default and can have a negative impact on the financial health of an institution.
At Laxmi Fincorp, the management focuses on minimizing the risk of NPAs by carefully evaluating the creditworthiness of the customer before providing any loan. The company follows a strict credit policy and continuously monitors the performance of the customer, allowing them to take corrective actions and minimize the risk of NPAs.
Furthermore, the company also offers special loan services for customers with a history of non-payment or other financial issues. These services include debt consolidation and restructuring of loans, providing additional time to the customer to repay their debts, etc. By offering such services, the company is able to reduce the risk of NPAs and ensure customer satisfaction.