Online Seller Finance is a collateral-free business loan with flexible repayment options for e-commerce companies, online Travel Agents, online Hotel bookings etc. Online Seller Finance is designed to meet the working capital requirements, business expansion, inventory stock up, product diversification etc.
Eligible Borrower :
- Proprietorship Firms
- Partnership Firms
- Limited Companies
Key Features :
- Age: Min 18 Years to Max 65 Years at the end of loan tenure
- Loan Amount: Rs.1 Lacs to Rs.25 Lacs (subject to eligibility conditions being met)
- Rate of Interest: 18% Onwards
- Loan Tenure: upto 3 years
- Processing Fees: 2.00% of Loan Amount
- Customer Segment: Travel Agents, Hotels, Vendors selling goods on online market places
- Operational History: Min 3 years
- Min Anchor relationship: 1 year
- Turnover: Annual turnover of INR 100 Lacs or audited financials
- Profitability: Firm/company should be making cash profits for the last two years.
- Application Form
- KYC Documents: Identity proof, residence proof, latest photograph, signature verification, proof of contact ability
- Proof of Experience
- Proof of Stability Residence / Office.
- Latest 6 months bank statement
- VAT returns and bank documents for the last 6 months