Capstone Corporate Advisors had acted as brokers to Acetron Trade LLP for drawing business loans from 4 financials institutions (HDFC Bank, Axis Bank, Tata Capital and ICICI Bank) with a condition that each of the loans are unsecured in nature and are amortising loans over 36 months. They can be pre-paid without any penalty / charges post 6 months from drawdown.
Now, we have approached the banks for a pre-closure and they are insisting on pre-closure charges. Upon reaching out to Capstone who mediated the transaction, there is no response
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