About Refinance Loan

This product is to provide alternative to borrower’s who have already financed their business requirements but are interested in repaying that existing debt with a new one when the borrower deems is reasonable.

Refinance, also called refinancing or refi, is the process by which one loan is replaced by another loan, in most cases with more favorable terms. The new loan is used to pay off the original loan.

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Rate-and-term refinancing

The most common type of mortgage refinancing is known as rate-and-term refinancing. This type of refinancing allows the borrower to refinance the mortgage with an adjusted rate or adjusted term for the mortgage loan. The borrower can take advantage of the economic environment or adjust the mortgage to fit their personal situation better.

Cash-out refinancing

Cash-out refinancing may also feature customization of the rates or terms of the mortgage loan. However, the main distinction for cash-out refinancing is that the new mortgage loan is greater than the initial mortgage loan. The value of the new mortgage in excess of the old mortgage is subsequently paid out as tax-free cash to the borrower. It is tax-free since the amount paid out does not contribute to taxable income for the borrower.

Cash-in refinancing

Cash-in refinancing is the opposite of cash-out refinancing. With cash-in refinancing, the borrower actually uses cash for a new mortgage with a lower loan balance than the initial loan. Cash-in mortgages may result in a lower mortgage rate, a shorter term, or both.

Debt Refinancing

Debt refinancing is the replacement of an existing debt by means of another debt with terms and/or conditions that are more favorable. In other words, debt refinancing refers to the replacement of existing debt with new debt.

Features of Refinance Loan

This product is to provide alternative to borrower’s who have already financed their business requirements but are interested in repaying that existing debt with a new one when the borrower deems is reasonable.

Attractive Loan amount

GDF will finance up to 20 lacs, given period for up to 3 years.

Flexible Repayment structure

The repayment of these loans will be on monthly basis and Interest calculation will be at monthly rest.

No processing and Pre-closure Charges

Pre-closure and the pre-payment of such loans are all allowed at no additional cost or penal charges and No any loan processing fees.

Secure your Loan

Any asset hypothecated/guaranteed to the lender against the loan will be evaluated and hypothecated/guaranteed as required.

Refinance Loan - Eligibility

The total financing will also be based on total loan outstanding against the borrower including principle and any other charges involved in loan foreclosure.Loans from registered money lending institute will be financed. Borrower must submit all documents pertaining to the existing loan with details including loan sanction letter, current loan outstanding and total amount to be paid for fore closure of the loan.

Proof of Established Business

Applicant should have a registered Business/Legally permitted business/activities.

Proof of Tibetan

The member should be Green Book Holder


Applicant must be above 18 years of age.

Frequently Ask Questions

If you have a question that deals with clients, customers or the public in general, there is bound to be a need for the FAQ page.

Unlike Tibetan Refugee Livelihood Support Program (TRLSP), the Commercial Loan Program will not bind by any period for application submission unless specifically specified while scheme launch.

Any Tibetan entrepreneurs through the settlement office.

Currently, our policy allows one loan scheme for a family at a given time. Hence, if the applicant is an active client of GDF, He/she must wait until the existing loan tenure is finished or close the existing loan account before availing any other loan scheme.

Allowing any such changes will be based on the specific case, although such changes will require the applicant to notify partner organization, revise the document and submit it again through partner organization.

Currently, there is no option for the borrower to avail any moratorium period on loans sanctioned by GDF except under circumstances as may be notified by the Reserve Bank of India

GDF from time to time will collaborate with various institutions/ organizations to provide financial access to the targeted clients. Such collaboration will help GDF to leverage these partner organization’s experience and knowledge of the potential customer and result in more efficient underwriting process.

Currently for general public, Tibetan Settlement Offices will be the point of contact through and through they can apply for credit facility from GDF.
While in future, GDF might explore many such partnerships which will bring synergy between GDF and such community based institutions. Ultimately, resulting in better effectiveness and efficiency.

Any such schemes will be announced through official website of Central Tibetan Administration (http://bod.asia/) and through GDF’s Official website (https://gangjongdevelopmentfinance.com/).

Yes. GDF’s products are specifically designed to meet the need of their potential clients. Hence, in such aforementioned events, the loan products will always be available for general public.

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