Eligibility:-
- Applicant’s business must have minimum operational history of 2 years
- Applicant’s customer should be in the business for minimum 2 years
- Both should have business relationship for minimum 6 months
- Applicant’s minimum annual turnover must be Rs 1 Crore
- A satisfactory credit track record
Features:-
- The Loan tenure between up to 3 months
- Loan amount up to 100% of the invoice value
- Loan amount up to Rs 3 lakh per applicant
Required Documents:-
- KYC documents of the applicant and the organization
- ITR – Financial documents for the last 2 years
- Bank statements for the last 12 months
- Loans or overdraft sanction letters (if any)
- VAT/ Salex tax returns for the last 6 months
- Property Papers of either Residential/Business Premises in the name of self or immediate family members.
