FAQ

Prest Loans is a trade name of “Lord Krishna Financial Services Ltd” a Non-Banking Finance Company registered with RBI. Though the company was set up in 1995, the new management has taken over it up and transformed it into a new FinTech company with the mission of providing fast, flexible, and transparent Loan products to the Business and SME sector in India. The company is lead by a strong and experienced team.

Know more about :-

• The vision and mission of company
• Board
• Management team

• The company has its registered office at M5, M6 Essel House, 10 Asaf Ali Road New Delhi - 110002, India.

We offer all kind of loans to support and encourage the businesses; these loans may be in form of

• E-commerce vendors
• MSME units- term loans
• Invoice financing
• Small or medium businesses
• Agri Financing

• It's just a click away! Just go to 'apply loan online' - provide the required information and we shall offer you the best product suited to you within minutes. In case of any confusion, our team shall HELP you online.

• Yes, click on track your loan status and enter LAN to track your loan status

• Yes, login to www.prestloans.com and find all the required detail. You will also find it on the PrestLoan APP downloaded by you.

• We will have to understand your needs; based on our credit score mechanism we shall inform you the amount. We are open to any amount upto Rs 25 lakh, based on your eligibility criteria. Pls check your eligibility HERE!

• We have kept is simple and flexible! Depending on your need and cash flow the loans may be up to 3 years. In some specific cases we even offer longer duration loans.

• Again! We have kept it simple and flexible! Depending on your cash flow you may pay the EMIs on daily, weekly, fortnightly or monthly basis for a term loan.
• We also offer option of payment of only interest and the principal amount can be paid on maturity.
• Even more, you may pay the entire amount of interest and principal on maturity if the business or loan nature is such as agri financing and bill discounting.

• The ROI is based on your credit score, the higher is the score, the lower is ROI.
• It also depends if you are providing any collateral for the loan, in case of collateral, the ROI comes down

• You will also need to pay a processing fee of 3% on your business loans for the loan amount sanctioned.
• The Processing fee for agri financing and bill discounting is 1% of the sanction amount.

• NO! Not at all. You can apply online, click here!
• Please download our APP on your smart phone and you can apply through app (link to download app)
• Request for a call back our executive will assist you at your doorstep.

• We believe in speed! The loan sanction is done in minutes, once you provide the required document.
• Speed! You get money within 1 to 3 days after completion of documents.

• Yes, you can.
• We don't levy any prepayment charges if the loan is paid after 1 month from disbursement.

• We have a experienced leadership and management team who understand the business very well.
• The Flexibility for amount, tenure, payment schedule, segment makes us unique in this segment
• Speed! Easy, online, application and response in minutes. We aim to disburse loans within 24 working hours.
• We provide assistance to business which are less than 2 years older considering cash flow and credit score
• No hidden charges

• We cover most of your businesses, not just few large suppliers only.
• Quick empanelment: we complete the process within 7 days working days
• No hard collateral requirement (e.g., property) check here

• We support and assist Micro, Small & Medium Enterprises (MSME) across industries, including e-commerce, paper, printing, textiles & apparel, auto and engineering, food processing, software, facilities management, and professional services. We aim to service fast-growing MSMEs with one or more reputed clients (e.g., Large E-Commerce players, MNCs, Indian corporates, FMCG companies etc.)