End of December 2023, our loan book was worth ₹5,764 crore, making us a leading NBFC in the wealth management industry in India
360 ONE Prime Limited (Formerly known as IIFL Wealth Prime Limited) is an NBFC registered with the RBI, and a 100% subsidiary of 360 ONE WAM LIMITED (Formerly known as IIFL Wealth Management Limited). We offer a range of lending solutions to our clients across the spectrum of structured leverage. Our loan book (₹5,764 crore) as on 31st December 2023 makes us the leading NBFC in India by asset size in the wealth management industry. We are rated AA by ICRA, the hallmark of trust among large institutional investors. To date, we have provided over 1,000 customers access to capital to facilitate investments in the markets, meet short term working capital requirements, early stage debt and even to undertake large acquisitions.
RBI Registration No. : B-13.00361
Our Strong Pillars
Specialist
Lending Expertise
We are a dedicated lending platform that works with bankers to provide credit solutions to meet their client’s specific needs. Given the advantage of deep understanding of client portfolios, we are responsive in helping clients benefit from leverage. This has helped to enable diversification in their asset profile, or to meet an immediate capital requirement in their business on the strength of their financial portfolio. Over the years, our clients have benefited greatly by unlocking the value of their financial assets in a timely manner and at optimal cost.
Flexible
Structuring
To be an effective partner to our clients, we are responsive to their business needs. Be it for short term requirements, large investments to grow the business, or to undertake acquisitions. Our customized lending solutions offer financing against a combination of liquid and illiquid financial assets to meet all special situations for our clients.
Diverse
Solutions
With a wide range of credit solutions, our team of experts can help you generate wealth through sensible access to capital. Our product offerings range across lending against financial assets such as listed stocks, investment grade debt securities and mutual fund /AIF holdings. We also facilitate financing for clients to taking positions in equity trading, investing in public offerings, and for exercising stock options.
Rates of interest charged on loans depend on the credit risk associated with the loan, the tenure of the loan and the prevailing rates of interest in the market (which also determines cost of funds). Usually for loans of a longer tenure, the rate of interest is higher. The credit risk associated with the loan depends on the credit worthiness of the borrower and the quality and liquidity of security provided. Borrowers that have uncertain income due to cyclical / seasonal businesses and low net worth are generally regarded to be high risk; borrowers with stable incomes but low net worth are generally regarded to be medium risk and borrowers who have stable and regular sources of income, and high net worth are regarded as low risk customers from a credit perspective. Credit risk relating to a borrower may be mitigated by providing adequate security or credit enhancements like guarantees by more creditworthy parties. Our offered rates of interest to customers are linked to the 360 ONE Prime Lending Rate, which is a reflection of our cost of raising funds from the capital markets. Kindly refer to the Interest Rate Policy displayed on the website of the Company (https://www.360.one/wealth-management/ lending-solutions) for the interest rates charged by the Company.
With effect from June 1, 2024, the company's PLR stands at 13.75% till further notice.
Penal Charges -
Penalty, if charged, shall be treated as ‘penal charges’. There will be no capitalisation of penal/default charges. These charges shall be over and above the rate of interest and will not affect the normal procedures for compounding of interest in the loan account. The quantum and reason for penal charges shall be clearly disclosed in the loan agreement, financing documents and Key Fact Statement (KFS), if applicable. Whenever reminder for non-compliance of material terms and conditions of loan is sent to Borrowers, the applicable penal charges, along with the reason shall be communicated:
Penal/default charges:
NIL Penal Charges will be applicable to client , Interest on Unpaid Interest will be applicable as per the Sanction Terms , 360 ONE Prime Limited will exercise the option to Recall the loan on breach of material T&C of Sanction Terms.
NOTE: THE ELECTRONIC VERSION OF THE DRAFT SHELF PROSPECTUS (“DRAFT SHELF PROSPECTUS”) YOU ARE SEEKING TO ACCESS IS BEING MADE AVAILABLE ON THIS WEBSITE BY US, 360 ONE PRIME LIMITED (“COMPANY”), AND FOR INFORMATION PURPOSES ONLY. THE DRAFT SHELF PROSPECTUS HAS BEEN MADE AVAILABLE ON THIS WEBSITE IN ELECTRONIC FORM SOLELY TO COMPLY WITH THE REQUIREMENTS OF SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE AND LISTING OF NON-CONVERTIBLE SECURITIES) REGULATIONS, 2021, AS AMENDED AND CIRCULARS ISSUED THEREUNDER, AS AMENDED FROM TIME TO TIME (THE “SEBI NCS REGULATIONS”). YOU ARE ADVISED TO READ THIS DISCLAIMER CAREFULLY BEFORE READING, ACCESSING OR MAKING ANY OTHER USE OF THE DRAFT SHELF PROSPECTUS. BY ACCESSING THE DRAFT SHELF PROSPECTUS, YOU AGREE TO FOLLOW THE FOLLOWING TERMS AND CONDITIONS, INCLUDING ANY MODIFICATIONS TO THEM FROM TIME TO TIME.
Please read this notice carefully - It applies to all persons who view this site. Please note that the disclaimer set out below may be altered or updated. You should read it in full each time you visit the site.
Neither we, nor our affiliates represent that the contents of the Draft Shelf Prospectus herein are accurate or complete. The information contained herein has not been updated since its original publication date and may not reflect the latest updates.
You may not and are not authorized to (1) deliver the Draft Shelf Prospectus to any other person or (2) reproduce such Draft Shelf Prospectus in any manner whatsoever. Any distribution or reproduction of the Draft Shelf Prospectus in whole or in part is unauthorized. Failure to comply with this directive may result in a violation of the SEBI NCS Regulations or other applicable laws of India and other jurisdictions.
The information in this section is directed at, and is intended for distribution to, and use by, residents of India only. Residents of countries other than India are not authorized to view or use the information in this section. Viewing this information may not be lawful in certain jurisdictions. In other jurisdictions only certain categories of person may be allowed to view this information. Any person who wishes to view this site must first satisfy themselves that they are not subject to any local requirements which prohibit or restrict them from doing so.
These materials are not directed at or accessible by following persons:
Foreign nationals;
Persons resident outside India;
Foreign Institutional Investors;
Qualified Foreign Investors;
Non Resident Indians; and
Overseas Corporate Bodies.
The NCDs have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws in the United States and may not be offered or sold within the United States, or to, or for the account or benefit of, U.S. Persons (as defined in Regulation S of the U.S. Securities Act), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws in the United States. No offers or sales of the NCDs are being made in the United States.
If you are not permitted to view materials on this website or are in any doubt as to whether you are permitted to view these materials, please exit this webpage.
The Company has taken all necessary steps to ensure that the contents of the Draft Shelf Prospectus as appearing on this web site are identical to the Draft Shelf Prospectus filed with the BSE Limited (“BSE”)and the Securities and Exchange Board of India (“SEBI”) (for record purposes) in accordance with the SEBI NCS Regulations.
You are reminded that documents transmitted in electronic form may be altered or changed during the process of transmission and consequently none of the Company or any of its or our affiliates accept any liability or responsibility whatsoever in respect of alterations or changes which have taken place during the course of transmission of electronic data. JM Financial Limited, A.K. Capital Services Limited and IIFL Securities Limited (the “Lead Managers”) will not be responsible for any loss or damage that could result from interception and interpretation by any third parties of any information being made available to you through this web site. Access to electronic versions of these materials is being made available in good faith and for information purposes, in connection with an offering of debt securities under the SEBI NCS Regulations and are not intended to nor do they constitute an offer and/or an invitation to subscribe to the securities referred therein.
The materials placed herein are for informational purposes and not a solicitation of any bid from you. Nothing contained herein shall constitute and/or deem to constitute an offer and/or an invitation to an offer to subscribe to the securities referred therein.
Any person seeking access to this portion of the Company’s website represents and warrants to the Company that they are doing so for information purposes only. Making press announcements and other documents available in electronic format does not constitute an offer to sell or the solicitation of an offer to buy securities in 360 ONE Prime Limited. Further, it does not constitute a recommendation by the Company or the Lead Managers or any other party to sell or buy securities in 360 ONE Prime Limited.
Confirmation of understanding and acceptance of disclaimer
I have read and understood the disclaimer set out above. I understand that it may affect my rights. I agree to be bound by its terms. I confirm that I am permitted to proceed to electronic versions of these materials. I confirm that I do not fall under any of the categories below:
Our vision is to bring about a positive change in the lives of underprivileged individuals and communities by enabling a strategic and collaborative partnership.
We strongly believe in enabling inclusion to bridge the gap of available opportunities and equality for both - communities that have not been given a chance and for those whom such opportunities are unattainable due to monetary or other reasons. Through our CSR efforts, we look at collaborative efforts with existing philanthropy to move the needle on impact.
