What does AFCL mean in COMPANIES & FIRMS
AFCL, an acronym that stands for Annapurna Finance Co. Ltd., is a well-established financial institution with a significant presence in the business and finance sectors. Understanding its meaning and significance is crucial for individuals seeking clarity in the realm of finance and business.
AFCL meaning in Companies & Firms in Business
AFCL mostly used in an acronym Companies & Firms in Category Business that means Annapurna Finance Co Ltd
Shorthand: AFCL,
Full Form: Annapurna Finance Co Ltd
For more information of "Annapurna Finance Co Ltd", see the section below.
What does AFCL Stand for in Business?
AFCL stands for Annapurna Finance Co. Ltd.. It is a non-banking financial company (NBFC) incorporated in 1996 and headquartered in Mumbai, India. AFCL offers a diverse range of financial services, including:
- Loans and advances
- Leasing and hire purchase
- Investment advisory services
- Portfolio management
- Merchant banking
Essential Questions and Answers on Annapurna Finance Co Ltd in "BUSINESS»FIRMS"
What is Annapurna Finance Co Ltd. (AFCL)?
Annapurna Finance Co Ltd. (AFCL) is a leading non-banking financial company (NBFC) in Nepal, providing a range of financial services including loans, deposits, and investments.
What types of loans does AFCL offer?
AFCL offers a variety of loans tailored to different needs, including personal loans, business loans, home loans, and educational loans.
What are the interest rates on AFCL loans?
The interest rates on AFCL loans vary depending on the type of loan, loan amount, and borrower's credit profile. Potential borrowers can contact AFCL directly for specific information on interest rates.
How can I apply for an AFCL loan?
You can apply for an AFCL loan either online through their website or in person at one of their branches. The application process involves submitting personal and financial information for review.
What are the eligibility criteria for AFCL loans?
The eligibility criteria for AFCL loans vary depending on the loan type. Generally, applicants must be Nepali citizens or legal residents with a stable income and a good credit history.
How does AFCL calculate loan repayment?
AFCL typically calculates loan repayment based on a fixed interest rate and a predetermined loan term. The monthly payment amount includes both principal and interest.
What is the deposit interest rate offered by AFCL?
The deposit interest rate offered by AFCL varies depending on the type and term of the deposit. Potential depositors can contact AFCL directly for specific information on deposit interest rates.
How are AFCL deposits insured?
AFCL deposits are insured up to a certain amount by the Deposit and Credit Guarantee Corporation (DCGC). This provides depositors with protection against loss in case of an unforeseen event.
Where can I find more information about AFCL?
More information about AFCL, including branch locations, loan products, and deposit options, can be found on their official website or by contacting their customer service team.
Final Words: AFCL has emerged as a prominent player in the Indian financial market. Its commitment to providing innovative and tailored financial solutions has earned it a reputation as a reliable and trusted partner for businesses and individuals. Understanding the meaning and role of AFCL empowers individuals with valuable insights into the complex world of finance and business.
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