I have seen lot of business people gone mad because of this concept – And it’s a tricky thing, This madness are created only by Mediators to the clients.
The Following ways tells you how not to get trapped by mediators who tells you the following things to mesmerize you.
1) You can find Mediators in nook and corner of Chennai Streets who tells you that they can organize 10 Cr’s to 1000 Cr’s without Property.
2) But the worst thing is mediators tell you that they have a third party collateral for your Business. But in real scenario no one gives you their own property for others, unless it had some legal issues or the property is locked in the bank. So Believing Third Party collateral is completely a hoax
3) There are numerous ways you can organize funds in a practical way. If you don’t have property, go for the Unsecured basis private finance in Chennai for less interest rate with long repayment schedule.
4) Never Believe in 20 or 30 paise private finance, because no one is interested to give loan which is lesser than bank rate of interest.
5) Mediators tells you that these less private finance is totally black money or unaccounted money, as a private financiers ourselves we never saw any black money or unaccounted money in this Chennai private finance market.
6) Even some Fake private financiers in Chennai will make you to believe that these falsehood information are true. Never ever believe those private financiers.
7) Mediators claim that private financiers will maintain secrecy in every action, technically Private financiers all over Tamilnadu maintain good relationship with clients and there is nothing to hide about secrecy. These tactics are developed by mediators not financiers.
8) Never pay any upfront fees to financiers, if a private financier asks you for an Upfront Fess believe me he is not a private financier.
9) Private financiers will not ask you for any upfront fees, they will ask you to prepare legal valuation report and other documents by your own. They always wanted legal opinion from panel advocates not from normal people.
10) Raising Private finance in Chennai and TamilNadu is not an easy task; there are lot of formalities for raising them.