| Bank Name | Maximum Loan Amount |
|---|
| Bank Name | Min Interest Rate | Processing Fee | Max Loan (Lacs) | Foreclosure Charge | Chances of Loan Approval | |
|---|---|---|---|---|---|---|
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ICICI Bank Ltd.
|
9.00% | 1% | 2% | 12 |
|
|
Tata Capital Financial Services Limited
|
12.00% | 1% | 2% | 60 |
|
|
Kredx
|
16.00% | 1% | 2% | 60 |
|
|
SBI Global Factors Limited
|
11.00% | 1% | 2% | 12 |
|
|
Lending Kart Finance Limited
|
18.00% | 1% | 2% | 60 |
|
|
Bank of Baroda
|
9.00% | 1% | 2% | 12 |
|
|
State Bank of India
|
7.80% | 1% | 2% | 12 |
|
|
Axis Bank Ltd.
|
8.00% | 1% | 2% | 60 |
|
|
IndusInd Bank
|
10.00% | 1% | 2% | 12 |
|
|
As a supplier your time consume from producing raw material to implement & supplying in to buyer & even after you were waiting for the payment, let your worry be aside wherein supply chain provide you the facility of get quick access to cash with the invoices received. Check your criteria
Supply chain finance Eligibility CriteriaEligibility Criteria depends on various factors like age of individual, repayment history, business sales/turnover& Creditworthiness ...etc.
Eligibility Criteria
Note: - You can avail up to 50 lakh as a maximum loan amount
What are the factors generally affecting Supply chain finance Eligibility Criteria?There are top factors that generally affects supply chain eligibility criteria as given below: -
Individual Age: - All banks & NBFC’s have age criteria, for this type of facility availing ensure that at time of application your age should not exceed 65 above & below 25 years.
Cash flow of business: - If your cash flow management are goods, you will be eligible to avail finance, but in case there is any drop back in management, your chances get lower here itself.
What are the ways to increase Supply chain finance eligibility?To increase eligibility, you need to consider Top points as given below, this will aid you in increasing your eligibility level.
Make the least usage of credit card: - Make ensure that you don’t exceed 30% of your credit utilization. As it will led to lower credit score, therefore make the least use of credit to increase your eligibility.
Avoid applying to several lenders: - Avoid applying loan to several lenders at the same time as each time when they check your credit score it gets affected. By following this points, it enhances chances of getting loan.
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
ADDRESS 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
ADDRESS PROOF - ALL PARTNERS (PASS PORT, VOTER I CARD ,PAN ,ADHAAR)
FIRM ADDRESS 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
Frequently asked questions (FAQ) pages are Q&A-style pages that most brands build to answer queries that slip through the cracks. FAQs are targeted to give a complete sense of query satisfaction to the client.
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No, you are not required to pledge any Collateral or Assets to get financed as the credit facility obtained in seamless manner.
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If you are looking to avail Supply Chain Finance then you can get up to 50 lacs.
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You can get it with simple steps, either online or offline both available as per your convenience you can apply where few documentations required as it fast processing credit facility.
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Whether you are a supplier or buyer for both it works great by increasing Working Capital & lowering Supply Chain risks. This credit facility can be obtained to improve day-to-day operational expenses of business.
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It removes the financial blockage on working capital & improve your cash flow ultimately provide you the power of negotiation. Do you know by getting Supply Chain Finance your risk level gets lower.
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This facility aids to improve liquidity of business workflow engaged in sales transaction & lower financing costs at the same time. As it's favorable to buyer who have the good credit rating can easily access to capital at lower cost as compared to seller.
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Supplier used to sell his/her higher invoice to financial institutions at better rates & able to get quick access to liquidity. This will help to meet day-to-day operational business requirements.
CA Vikas Jain - Our Mentor
9863-02-02-02