Vendor/ Contractor Finance

Make the most out of your business with vendor finance

Vendor finance is revolving, short-term finance secured either by discounting the invoices for the goods supplied or services offered by the vendor to a reputed developer. The loan is taken on the books of the vendor/contractor but is secured by the guarantee of the developer.

Description

Vendor finance is revolving, short-term finance secured either by discounting the invoices for the goods supplied or services offered by the vendor to a reputed developer. The loan is taken on the books of the vendor/contractor but is secured by the guarantee of the developer. Enquire Now

Commercials

Interest rate at 18%-24% and processing fees above 1.50% Enquire Now

Key Features

  • Processing time of less than 3 working days
  • Limited restriction on end use
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Loan Tenure

Overall loan tenure up to 3 years; sub limits per bill / invoice up to 90 days Enquire Now

Eligibility Criteria

  • Vendor should have business relationship with the Developer for atleast 2 years.
  • Loan Amount 1.00 Cr - 10.00 Cr
  • Guarantee by the Developer for repayment of loan
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Security Cover

  • Equitable/Registered Mortgage of adequate security
  • Security cover of over 1.5x (i.e. Realistic Value of security should be more than the amount of proposed loan)
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Other Solutions