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Vendor Finance

• Get loan upto 2 Crore
• Attractive interest rate
• Easy & fast processing
Enquiry Form
Vendor Finance
Bank Name Interest Rate Range (%) Processing Fee (%) Maximum Loan (Lacs) Maximum Tenure (Month)
Bank Name Min Interest Rate
₹ 10L
₹ 50L
₹ 1C
₹ 1.5C
₹ 2C
₹ 2.5C
₹ 3C
%
1%
5%
10%
15%
20%
25%
30%
1
10
20
30
40
50

Loan EMI

Total Interest

Total Payment

Eligibility Criteria

What you mean by Vendor Finance Eligibility Criteria?

This facility works as working capital loan & provides the flexibility to procure high quality of goods & vendor inventory without spending & can do the payment after the goods get sale. It requires minimal documentation which give you the comfortability of availing.

Vendor Finance Eligibility Criteria

Eligibility Criteria depends on several factors like repayment history, business sales/turnover& Creditworthiness ...etc.

Eligibility Criteria

  • • Applicant age should be in-between 25 - 65 years of age
  • • Minimum 3 years of business continuity
  • • Credit score must be above 750
  • • Resident of Indian

Note: - You can get up to 20 Cr as a maximum loan amount.

What are the factors generally affecting Vendor Finance Eligibility Criteria?

There are top factors that generally affects Vendor Finance eligibility criteria as given below: -

Bad Credit score: - Credit score is the reflection of your creditworthiness, if you ever missed or payment taken after due date will affect your credit as well as your eligibility.

Less year of business continuity: - As stated above in criteria that business existing year should be more than 3, wherein less year of business continuity known to be ineligible.

What are the ways to increase Vendor Finance eligibility?

To increase eligibility, you need to consider Top points as given below, this will aid you in increasing your eligibility level.

Prefer to do payment on time: - Consider this point & make it happen, by doing payment on time whether it's an eligibility bill or existing loan EMI you can build a strong credit score which helps you to get loan easier.

Clear debt: - Try to clear your existing loan as much as easier before applying for new loan as it will help you to show stable income with no debt-to-income ratio lowering.

Documents Required

  • Individual
  • Prop Firm
  • Partnership Firm-LLP
  • PVT. LTD.
Frequently Asked Questions

What are the benefits of vendor finance?

It gives you the quick access to liquidity with short-term loan facility, speedy processing & quick disbursal make the loan unique.

Who can apply for vendor finance?

You must be self-employed with a minimum of 3 years of business vintage & had filed ITR for at least last 1 year.

What is the current interest rate of vendor finance?

Vendor finance interest rate starting @16.00% onwards.

How much loan amount can I get through vendor finance?

Vendor finance allows you to get minimum 10 lacs to maximum 20 Crores.

How much processing fee applicable to vendor finance?

Generally, up to 2.00% of loan amount is charged as a processing fee to process your loan application.

What is vendor finance?

Vendor finance is a type of loan where vendor acquire loan for their customers, as we all know from manufacturing to selling goods needs much funds. To solve the shortage of funds vendor finance help to fulfill theirs requirements.

How does vendor finance works?

Vendor finance are offered by various bank & FI’s to pay customer & to in-build strong cash flow management of business. Choose your ideal banking partner to avail this credit facility to boost your business working capital.

What are the other charges applicable in processing vendor finance?

  • Processing fee
  • Statement charges
  • Penal interest
  • Pre part payment fee
  • Foreclosure charges
  • These are the common charges applied in vendor finance.

How to get vendor finance?

Getting a vendor finance much earlier, you have to choose your banking partner & get the application form through their website or visit nearby bank, then request for the application form fill it & attach required document to submit, shortly representative will contact you for further information.

Which are the documents required for vendor finance?

  • Identity proof
  • Address proof
  • Bank statement
  • Company documents
  • Last 2 years of balance sheet
  • Latest 1 year profit & loss statement
  • Agreement of purchase orders from contractor & vendor supply of goods

Related Topics

  • VENDOR FINANCE BY BANKS

  • VENDOR FINANCE BLOGS

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CA Vikas Jain - Chief Advisor

Mr. Vikas Jain is a reputed Chartered Accountant possessing in-depth understand...

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CA Vikas Jain

CA Vikas Jain - Chief Advisor

Mr. Vikas Jain is a reputed Chartered Accountant possessing in-depth understand...

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