Vendor Finance @7.25% Onwards

• Get loan upto 2 Crore
• Attractive interest rate
• Easy & fast processing
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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


 

  1. PHOTOGRAPHS 2
  2. PAN CARD COPY
  3. AADHAR CARD + PASSPORT
  4. ADDRESS PROOF IF RENTED ALSO REQUIRED PERMANENT ADDRESS PROOF
  5. LAST 3 YEARS FORM -16, ITR WITH COMPUTATION OF INCOME IF FILE
  6. LAST 1 YEAR BANK STATEMENT – SALARY ACCOUNT
  7. LOAN SCHEDULE & SANCTION LETTER (IF RUNNING)
  8. COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS
  9. PROCESSING FEE CHEQUE IN FAVOUR OF BANK
  10. LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER
  1. PHOTOGRAPH BOTHPAN CARD CLEAR COPY PROPRIETOR
  2. ADDRESS PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR
  3. OFFICE ADDRESS PROOF LATEST (ELECTRICITY BILL, TELEPHONE BILL)
  4. FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
  5. LAST 1 YEAR GST RETURN COPY
  6. FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE
  7. PROVISIONAL FINANCIAL AY 2019-20
  8. BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED)
  1. PHOTOGRAPH PARTNERS
  2. PAN CARD – COMPANY, ALL PARTNERS
  3. ADDRESS PROOF – ALL PARTNERS (PASS PORT, VOTER I CARD ,PAN ,ADHAAR)
  4. FIRM ADDRESS PROOF- LATEST ANY UTILITY BILL
  5. PARTNERSHIP DEED COPY
  6. GST CERTIFICATE
  7. GST RETURN LAST1 YEARS
  8. 3 YEAR COMPANY ITR COI P/L A/C BALANCESHEET + AUDIT REPORT 3CB 3CD, ALL ANNEXXURS, SCHEDULED WITH C.A.CERTIFIED
  9. PROVISIONAL FINANCIAL AY 2019-20
  10. 3 YEAR.ALL PARTNER INDIVIDUALS ITR + COMPUTATION
  11. FIRM ALL A/C BANK STATEMENT 1 YEAR UPDATED
  12. ALL PARTNER SAVING A/C STATEMENT 6 MONTH
  13. IF RUNNING ANY LOAN – LATEST SANCTION LETTER + TRACK RECORDS OR REPAYMENT SCHEDULED
  14. AGREEMENT TO SELL COPY
  15. PROPERTY PAPERS COMPLETE CHAIN WITH MAP
  1. ALL DIRECTORS PHOTOGRAPH
  2. CLEAR PAN CARD – COMPANY AND ALL DIRECTORS
  3. ADDRESS PROOF – COMPANY AND DIRECTORS
  4. LIST OF DIRECTOR & SHARE HOLDER WITH CA CERTIFIED AS ON DATE
  5. MEMORANDOM ORDER IN HAND AND COMPLETE COPY (IF APPLICABLE)
  6. GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE
  7. 1 YEAR GST RETURNS
  8. ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS
  9. LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE
  10. PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR
  11. COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED
  12. ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH
  13. IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED
  14. AGREEMENT TO SELL COPY
  15. PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP

Frequently Asked Questions


 

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

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

Vendor Finance Interest Rate starting @16.00% onwards.

 

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

 

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

 

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.

 

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.

 

  • Processing fee
  • Statement charges
  • Penal interest
  • Pre part payment fee
  • Foreclosure charges

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.

  • 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