Frequently Asked Questions

No. JBFC is a registered loan advisory proprietorship firm, established in 2018. We help you find, assess, and apply for the right business loan from the right lender. We do not lend money ourselves, accept deposits, or act as a bank. We are specialist consultants, your single point of contact between your business and the lending ecosystem.

JBFC was founded in 2018 to solve a single problem: businesses in India, especially MSMEs, struggle to find the right loan, the right lender, and the right way to apply. Generic brokers and agents don't have the credit understanding needed to truly help. JBFC exists to fill that gap.

Our office is in Thane, Maharashtra (PIN 421003). We primarily serve businesses in Thane, Mumbai, and Navi Mumbai. Through our remote consulting process, we also serve businesses pan-India.

No. Your first consultation, including preliminary eligibility assessment and product recommendation, is completely free. There is no obligation to proceed after this. We only discuss fees if you decide to formally engage us for end-to-end consulting.

No honest advisor can guarantee approval. What we guarantee is a thoroughly prepared application, matched to the most suitable lenders for your profile. Final sanction is always at the discretion of the lending institution based on their own underwriting norms. We will never promise guaranteed results.

Most lenders prefer a personal CIBIL score of 700 or above for promoters. Some NBFCs work with 650 plus. Scores below this typically limit options significantly. JBFC reviews your credit position during the free initial consultation and can advise you on steps to improve your score before applying.

Most bank products require 2 to 3 years of business vintage. Some NBFC products are available from 1 year. Startup loans under government schemes may have more flexible criteria. JBFC assesses your specific situation and matches you accordingly.

This varies significantly by product and lender. Some products are available from 10 to 20 lakhs turnover. Most mainstream bank products require 50 lakhs or more. For larger ticket loans, proportionately higher turnover is expected. JBFC will assess your specific case.

It is very difficult. Almost all lenders, banks and NBFCs, require at least 1 to 3 years of filed income tax returns. If your ITRs are not filed, we strongly recommend filing them before approaching any lender. JBFC can advise you on what specific financial documents to prepare.

An active overdue, DPD (Days Past Due), or NPA severely impacts eligibility. Most lenders will not process a new application with an active overdue. JBFC will review your credit report and advise whether any options exist, including restructuring or clearing the overdue first.

Step 1: You share your requirement by call, WhatsApp, or form. Step 2: We assess your eligibility and recommend products. Step 3: We prepare your loan proposal and documentation. Step 4: We submit to matched lenders and coordinate through sanction and disbursement. You have one point of contact throughout.

Unsecured NBFC products: 5 to 15 working days. Secured bank products such as LAP and term loans: 3 to 6 weeks. Complex corporate deals: 2 to 3 months. A well-prepared proposal significantly reduces delays, which is where JBFC adds the most value.

Standard requirements include: KYC of promoters (PAN, Aadhaar), business KYC (GST certificate, registration documents), 2 to 3 years ITRs, 12 to 24 months bank statements, GST returns, existing loan details if any, and property documents for secured loans. JBFC provides a customised checklist for your specific case.

Not without your knowledge and consent. JBFC will recommend specific lenders and share the reasoning. We never submit mass applications blindly, because each enquiry hits your credit file. We are strategic about which lenders to approach and in what sequence.

Secured loans require collateral such as property, FD, or the asset being purchased. They typically offer higher amounts and better rates. Unsecured loans need no collateral and are approved based on your credit profile, cash flow, and business strength. They carry higher rates and shorter tenures but give fast access to funding.

CGTMSE, the Credit Guarantee Fund Trust for Micro and Small Enterprises, is a government scheme that provides a credit guarantee to lenders against borrower default. This enables eligible MSMEs to access collateral-free loans. Not all lenders participate. JBFC helps identify participating lenders and assess your eligibility. Read our CGTMSE guide for more detail.

Options are limited but exist. Mudra Loans, some government startup schemes, and select NBFC products offer funding for newer businesses. JBFC will evaluate your situation honestly and tell you what is realistically accessible.

LAP allows you to mortgage your residential, commercial, or industrial property for business funding. Typically 60 to 75% of the property's market value. Tenures can extend to 10 to 15 years, and rates are generally lower than unsecured products. Read our Loan Against Property page for full details.

JBFC charges a consulting fee for its loan facilitation services. The fee structure is discussed and agreed upon before we begin formal engagement, never afterwards. Your initial consultation and eligibility assessment is completely free. There are no hidden charges.

Yes. Most banks and NBFCs charge a processing fee at the time of sanction or disbursement, typically 1 to 2% of the loan amount depending on the lender. This is paid directly to the lender, not to JBFC. We will inform you of all lender-side charges before you proceed.

JBFC does not charge any upfront registration or retainer fees. Our fee is linked to actual progress on your case. The exact structure depends on the type and complexity of your loan requirement. Full transparency, always.

Our fee structure accounts for this possibility. Specific terms are discussed during engagement. JBFC is incentivised to get your loan approved, our reputation and referral-based business depends on it. We will never pursue a case we believe has no reasonable chance of success.