| Bank Name | Maximum Loan | Interest Rate | SBLC Issuing Charge | Maximum Tenore (Month) | |
|---|---|---|---|---|---|
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|
200
|
4.00% - 5.00%
|
1%
|
6
|
|
|
100
|
3.50% - 4.50%
|
1%
|
6
|
|
|
100
|
4.00% - 5.00%
|
1%
|
6
|
|
|
200
|
4.00% - 5.00%
|
1%
|
6
|
|
|
200
|
4.00% 5.00%
|
1%
|
6
|
|
| Bank Name | Key Features | |
|---|---|---|
|
|
Interest rate
4.00% - 5.00%
Max loan amount
200 |
|
|
|
Interest rate
3.50% - 4.50%
Max loan amount
100 |
|
|
|
Interest rate
4.00% - 5.00%
Max loan amount
100 |
|
|
|
Interest rate
4.00% - 5.00%
Max loan amount
200 |
|
|
|
Interest rate
4.00% 5.00%
Max loan amount
200 |
|
- Individual
- Prop Firm
- Partnership Firm-LLP
- PVT. LTD.
- Photographs 2
- PAN Card Copy
- AADHAR CARD + PASSPORT
- ADDRESS PROOF IF RENTED ALSO REQUIRED PERMANENT ADDRESS PROOF
- LAST 3 YEARS FORM -16, ITR WITH COMPUTATION OF INCOME IF FILE
- LAST 1 YEAR BANK STATEMENT - SALARY ACCOUNT
- LOAN SCHEDULE & SANCTION LETTER (IF RUNNING
- COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS
- PROCESSING FEE CHEQUE IN FAVOUR OF BANK
- LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER
- PHOTOGRAPH BOTH
- PAN CARD CLEAR COPY PROPRIETOR.
- ADD PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR.
- OFFICE ADDRESS PROOF LATEST. (ELECTRICITY BILL, TELEPHONE BILL)
- FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
- LAST 1 YEAR GST RETURN COPY
- FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE
- PROVISIONAL FINANCIAL AY 2019-20
- BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED.
- 6 MONTH SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)
- IF RUNNING ANY LOAN PLEASE PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULED
- AGREEMENT TO SELL COPY
- PROPERTY PAPERS WITH CHAIN SANCTION MAP
- PHOTOGRAPH PARTNERS
- PAN CARD - COMPANY, ALL PARTNERS
- ADD PROOF - ALL PARTNERS (PASS PORT, VOTER I CARD ,PAN ,ADHAAR)
- FIRM ADD PROOF- LATEST ANY UTILITY BILL.
- PARTNERSHIP DEED COPY
- GST CERTIFICATE
- GST Return last 1 years
- 3 YEAR COMPANY ITR COI P/L A/C BALANCESHEET + AUDIT REPORT 3CB 3CD, ALL ANNEXXURS, SCHEDULED WITH C.A.CERTIFIED.
- PROVISIONAL FINANCIAL AY 2019-20
- 3 YEAR.ALL PARTNER INDIVIDUALS ITR + COMPUTATION
- FIRM ALL A/C BANK STATEMENT 1 YEAR UPDATED
- ALL PARTNER SAVING A/C STATEMENT 6 MONTH.
- IF RUNNING ANY LOAN – LATEST SANCTION LETTER + TRACK RECORDS OR REPAYMENT SCHEDULED.
- Agreement To Sell copy
- PROPERTY PAPERS COMPLETE CHAIN WITH MAP
- ALL DIRECTORS PHOTOGRAPH
- CLEAR PAN CARD - COMPANY AND ALL DIRECTORS.
- ADDRESS PROOF – COMPANY AND DIRECTORS.
- LIST OF DIRECTOR & SHARE HOLDER WITH CA CERTIFIED AS ON DATE
- MEMORANDOM
- ORDER IN HAND AND COMPLETE COPY (if applicable)
- GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE.
- 1 YEAR GST RETURNS
- ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS.
- LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE.
- PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR
- COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED.
- ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH.
- IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED.
- AGREEMENT TO SELL COPY
- PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP
Supplier's Credit relates to credit for imports into India extended by the overseassuppliers or financial institutions outside India. Usance Bills under Letter of Credit(LC) issued by Indian bank branches on behalf of their importers are discounted by Indian bank overseas branches or Foreign bank.
Suppliers would ask for sight payment where as you want credit on the transaction. At times, in capital goods, banks would insist on using term loan instead of buyer’s credit. By this way you can avail cheap LIBOR rate funds and your supplier would also not mind as he is getting funds at sight.
For Importer
- Availability of cheaper funds for import of raw materials and capital goods
- Ease short-term fund pressure as able to get credit
- Ability to negotiate better price with suppliers
- Able to meet the Suppliers requirement of payment at sight
For Supplier
- Realize at-sight payment
- Avoid the risk of importer’s credit by making settlement with LC
- With transaction details importer approaches arranger to get suppliers credit for the transaction
- Arranger get an offer from overseas bank on the transaction
- Importer confirms on pricing to overseas bank and gets LC issued from his bank, restricted to overseas bank counters with other required clauses
- Suppliers ships the goods and submits documents at his bank counters
- Suppliers Bank sends the documents to Supplier’s Credit Bank.
- Supplier’s Credit Bank post checking documents
The bank will pay suppliers the business day following the day the payment was approved by the buyer and requested by the supplier.
The pricing is communicated to you at time of signing the contract. If the pricing changes, the supplier will be notified via email. The supplier can always log in to the platform and see the details of the discount calculation and can stop discounting at any given moment.
The supplier can request for early payment (discounting) at any moment by logging in onto the platform. There is no deadline.
The Supplier Finance program is non-recourse towards the supplier. Once the supplier is paid, the bank has no legal right to reclaim the invoice amount from the supplier.
Once the buyer has agreed to the participation, the on-boarding process can be quick. On average, companies can be onboarded in 4 business days.
No change of invoicing is required. The existing process that a supplier performs to invoice the buyer still remains in place.
-
Head Office:- Plot No 6A, IInd Floor, Opp. Max Hospital, Hasanpur, Patparganj, Delhi-110092
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Branch Office:- IInd Floor, SCO-20, Huda Shopping Complex, Saraswati Vihar, Near Sahara Mall, MG Road Metro Station, Gurugram, Haryana-122002
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