Intec Capital offers on the spot approval of loans

According to Bhushan Tuli, head-branding and business development, Intec Capital, “Printers who want to invest in a new kit can select the kit from the wide range of machineries displayed at the show and can get their loans approved immediately at the show.”

Explaining about the scheme, Tuli said, “Prior to on the spot approval, we check the basic credentials like turnover, profits earned of the firm who wants to invest in the kit. The CIBIL (Credit Information Bureau India Limited) credit score is calculated and if the score is satisfactory we provide on the spot approval for loan.” Tuli added that, “The transaction and documentation time is reduced greatly.”

Intec also launched a new scheme, wherein Intec leases machines to printers on a monthly rental basis. Tuli said, “Intec buys brand-new machine preferred by the printer and provides the machine to the printer on lease.” This according to Tuli is a win-win situation for a printer.

New Delhi-based Intec Capital has been in the business of financing for the past 18 years, but has entered into the print segment only two years ago. The financing company operates in five verticals, which include auto, print and packaging