Supplier Credit
Supplier Credit
Supplier credits enable you to negotiate commercial terms with suppliers, gain access to raw materials and capital goods at cheaper interest rates and receive payment instantly as an exporter.
Why choose us:
- A cutting-edge digital platform with a service-oriented design
- Convergence with Statutory Bodies is smooth.
- Advanced Algorithms for Borrowers and Lenders Linking
- It saves you both time and money.
- Data Safety and Security
Supplier Credit Eligibility Criteria
The eligibility criteria are determined by a variety of elements such as the individual's age, repayment history, business sales/turnover, and creditworthiness, among others.
- Person involved in the export and import of goods
- Compliance with applicable Trade as per Credit rules by their constituents is required.
Documents Required
Individual
- Two Photographs
- Pan Card Copy
- Aadhar Card + Passport
- Address Proof If Rented Also Required Permanent Address Proof
- Last 3 Years Form -16, ITR With Computation Of Income If File
- Last 1 Year Bank Statement - Salary Account
- Loan Schedule & Sanction Letter (If Running)
- Complete Property Papers With Chain & Map +Ats
- Processing Fee Cheque In Favour Of the Bank
- Last 3 Months’ Salary Slip + Appointment Letter
Prop Firm
- Photograph Both
- Pan Card Clear Copy Proprietor
- Address Proof (Pass Port, Voter Id Card) Proprietor
- Office Address Proof Latest (Electricity Bill, Telephone Bill)
- Firm Registration Certificates & GST Registration Copy
- Last 1 Year GST Return Copy
- Firm 3 Years ITR Computation, Profit Loss A/C, Balance-Sheet, Tax Audit Report, All Scheduled & Annexure
- Provisional Financial Ay 2023-24
- Bank Accounts (Current Account, Cc Account, Od Account Last 1 Year Updated)
- 6 Month Saving Account Statement Updated (Proprietor)
- If Running Any Loan Please Provide a Sanction Letter And Repayment Scheduled
- Agreement To Sell Copy
- Property Papers With Chain Sanction Map
Partnership Firm LLP
- Photograph Partners
- Pan Card - Company, All Partners
- Address Proof - All Partners (Pass Port, Voter I Pan Card, Adhaar)
- Firm Address Proof- Latest Any Utility Bill
- Partnership Deed Copy
- GST Certificate
- GST Return Last 1 Year
- 3 Year Company ITR Coi P/L A/C Balance sheet + Audit Report 3cb 3cd, All Annexures, Scheduled With C.A. Certified
- Provisional Financial Ay 2023-24
- 3 Years all Partner Individuals ITR + Computation
- Firm All A/C Bank Statement 1 Year Updated
- All Partner Saving A/C Statement 6 Month
- If Running Any Loan – Latest Sanction Letter + Track Records Or Repayment Scheduled
- Agreement To Sell Copy
- Property Papers Complete Chain With Map
PVT LTD
- All Director’s Photograph
- Clear Pan Card - Company And All Directors
- Address Proof – Company And Directors
- List Of Director& Share Holder With Ca Certified As On Date
- Memorandum Order In Hand And Complete Copy (If Applicable)
- GST, Sale, Vat, And Ssi Registration Certificate
- 1 Year GST Returns
- All Directors Individuals ITR & Computation Last 3 Years
- Last 3 Years Complete Financial With Tax Audit Report And Annexure
- Provisional Financial Fy 2023-24 Or Month Wise Sale Figure Last 1 Year
- Company All Bank Account Statement 1 Year Updated
- All Directors Saving A/C Statement 6 Month
- If Running Any Loan – The latest Sanction Letter And Repayment Scheduled
- Agreement To Sell Copy
- Property Papers Complete Chain With Sanction Map
1. What exactly is Supplier Credit?
This short-term credit facility allowed an exporter or lender to sell goods or services to a foreign buyer on credit terms.
2. What is the additional charge for Supplier Credit?
Other fees for Supplier Credit Loans include confirmation costs, processing fees, LC advising fees, and so forth.
3. What are the advantages of using Supplier Credit?
- Buyers can obtain goods or services at lower prices from foreign lenders.
- Supplier Credit Loans are only available upon Letters of Credit.
- Foreign banks, foreign branches of Indian banks, and other financial organizations may offer Supplier's Credit Loans.
