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  • Home
    • About Us
    • Board of Directors
    • Shareholding Pattern
    • Grievance Redressal Mechanism
    • Vigil Mechanism and Whistle Blower policy
    • Software: Request for bids
    • COVID-19 Relief Measures
  • Products & Services
    • Financial Services
      • Fund Based
        • Long Term Loan
        • Corporate (Medium term) Loan
        • Short Term Loan
        • Bill Discounting
        • Factoring of receivables
      • Non Fund Based
    • Advisory Services
    • Treasury & Forex
      • Resource Mobilisation
  • Fair Practices Code
    • Applications for loans and their processing
    • Loan appraisal and terms/conditions
    • Disbursement of loans including changes in terms and conditions
    • Post Disbursement Monitoring
    • General
  • Subsidiaries
    • Sicom Arc Limited (SICOM ARC)
      • Company profile
      • Assests for Sale
    • SICOM Realty Limited
    • SICOM Investments and Finance Limited (SIFL)
  • Investors/ Statutory Compliances
  • Sale of Assets
  • Request for Appraisal
  • Ombudsman Scheme for NBFCs

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Faq

 

Does SICOM finance service oriented projects like software development, hospitals, hotels, etc. ?

Yes

Does SICOM finance trading activities?

No

Would SICOM provide promoter funding?

yes

Would SICOM finance a project anywhere in India?

Yes

Does SICOM provide lease finance?

No

Does SICOM accept fixed deposits ?

No

Does SICOM fund infrastructure projects?

Yes

Does SICOM participate in consortium finance ?

Yes

Does SICOM provide foreign currency loans?

No

Does SICOM provide loan against shares?

Yes

Does SICOM subscribe to debt products?

Yes, only in the primary markets

Does SICOM subscribe to preference shares for meeting long term working capital requirements ?

No

Would SICOM be able to offer any ready-made / semi-finished projects to get us started ?

Yes, we can from time to time offer various ready-made / semi-finished projects for take-over by prospective experienced entrepreneurs

Does SICOM have offices outside Mumbai ?

Yes, we have four regional offices in Maharashtra at Pune, Nagpur, Nashik, Aurangabad and one regional office in New Delhi.

What are the norms for debt equity ratio ?

TFor a new project, debt : equity ratio of upto 1.5 :1 is acceptable. For existing companies with lower gearing, relaxations are possible

Does SICOM make trade checks with banks / institutions ?

Yes

How long it takes to process the loan application ?

Depending on the tenure of loan the time taken varies from two weeks to eight weeks after receipt of complete information

Does SICOM have application format/ brochures ?

Yes. Click here for downloads section.

Whether payment to SICOM can be made outside Mumbai?

Payment to SICOM can be made at its regional offices viz. Aurangabad, Delhi, Nagpur, Nashik and Pune

What is the typical documentation required for long term loans / medium term loans ?

Normally documents for creation of mortgage / hypothecation on the fixed assets, are required apart from personal guarantees and in some cases collateral security.

What is the security acceptable to SICOM ?

First or pari passu charge on the fixed assets of the company

What will be the interest rates for various products?

Interest rates will be based on risk rating and our prime lending rates for corresponding tenure of products.

Rate of interest is fixed or floating?

Short / Medium term loans - Fixed Long term loans - Floating

What is the frequency of interest payment?

In case of medium and long term products, the interest is payable quarterly and in case of short term loan products it is payable monthly

What charges does SICOM levy for processing the application?

Charges related to the total rate of the sanctioned amount, payable up-front.

Does SICOM extend lease finance on structured/ customised terms?

No

Does SICOM provide advisory services?

Yes. Click here for Advisory

end faq

News

  • April 25, 2016

    SICOM had received suggestion in respect to Earnest Money Deposit at clause 2.12 page 16 of the RFP document. The sugges

  • February 04, 2016

    Budget Session from Feb 23 to May 13, Union Budget on Feb 29

  • February 03, 2016

    Cabinet approves formation of JV with states for rail projects

  • January 28, 2016

    Maharashtra To Conduct Survey To Ensure Scheme Benefits To Villagers

  • December 23, 2015

    Maharashtra's ready reckoner rates may see moderate hike.

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Get in Touch

SICOM LIMITED

Solitaire Corporate Park, Building No. 4,
6th floor, Guru Hargovindji Road
(Andheri Ghatkopar Link Road),
Chakala, Andheri (East)
Mumbai - 400 093

(+91 22) 6657 2700
(+91 22) 2839 1388 / (+91 22) 28391857
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