What is NPA Loan?
Fundsourceindia03 Aug, 2023Finance
NPA Loan is a finance facility given to an NPA account borrower to take over & close his previous NPA liability completely and give him a new repayment schedule, a moratorium period, and a fresh financial restart. This finance facility can be used for closing single or multiple accounts of a borrower and also useful for borrowers whose cases are running under DRT or NCLT courts. NPA Loan is a kind of Bridge Loan facility that can be very useful for borrowers as this will be the best way to convert their NPA account status to normal or standard accounts.
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