Product Features

  Credit Limit

Rs 2 lacs, Rs 3 lacs, Rs 4 lacs, Rs 5 lacs

Repayment Tenure

5 months

Repayment Days

30 days

1^st - 10^th of subsequent month as per choice of the customer

Minimum Repayment Details

20% of the credit limit to be paid monthly

Amount of repayment is calculated on pro-rata basis from the date of invoice received

Interest Rate

24%-27% on reducing balance, calculated on daily outstanding

Loan to Value (LTV)

90% of the Invoice

Invoice Upload

Any number of invoice allowed to be uploaded within Credit Limit

On timely repayment

Repayment Method

E-Nach for monthly payments

IMPS/NEFT/UPI for all pre-payments

Zeroing of outstanding balance account

Every 6th month

On the selected repayment date

Long term tenure for loan after 6 months

If not zeroed in before 6 months

Pre-Payment

Pay anytime and buy more anytime

No additional charges

Terms & Conditions