Poonawalla Fincorp inks MoU with Institute of Company Secretaries of India for members’ special term loans

Poonawalla Fincorp Limited

Poonawalla Fincorp Limited (Formerly Magma Fincorp Limited), has inked an MoU with Institute of Company Secretaries of India (ICSI) to offer collateral-free term loans to ICSI members as well as its employees. The scheme will benefit over 65,000ICSI members across the country.

The scheme offers provides interest rate, zero prepayment charges and host of other attractive benefits. This is a unique offering covering company secretaries professionals across the country powered by a completely digital and 100% paperless process along with E-Agreement and E-NACH for fully online offering.

Also Read: Magma Fincorp Limited is now Poonawalla Fincorp Limited

Commenting on the MoU CA Abhay Bhutada, Managing Director, Poonawalla Fincorp Limited said “We believe that for entrepreneurial growth to thrive, professionals like company secretaries need to be supported in fulfilling their financial needs. This scheme is a step in this direction.”

Poonawalla Fincorp Limited (Formerly known as Magma Fincorp Limited) is a non-deposit taking systemically important non-banking finance Company (ND-SI-NBFC), registered with the Reserve Bank of India (RBI). The Company started operations nearly three decades back and is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange in India (NSE).

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