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.

Low Initial Payment

Enticing EMI

Instant Acceptance

No guarantor

Used Vehicle Loans

Refinance Existing Loans

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

  • 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 filed)
  • 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
  • Photograph Both
  • Pan Card Clear Copy – Proprietor
  • Address Proof (Passport, 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 Schedules & Annexures
  • Provisional Financial AY 2023–24
  • Bank Accounts (Current Account, CC Account, OD Account – Last 1 Year Updated)
  • 6 Months Saving Account Statement Updated (Proprietor)
  • If Running Any Loan – Provide Sanction Letter and Repayment Schedule
  • Agreement to Sell Copy
  • Property Papers with Chain and Sanction Map
  • Photograph of Partners
  • Pan Card – Company and All Partners
  • Address Proof – All Partners (Passport, Voter ID, Pan Card, Aadhaar)
  • Firm Address Proof – Latest Utility Bill
  • Partnership Deed Copy
  • GST Certificate
  • Last 1 Year GST Return
  • 3 Years Company ITR, Profit & Loss A/C, Balance Sheet, Audit Report (3CB, 3CD), All Annexures & CA Certified Schedules
  • Provisional Financials for AY 2023–24
  • 3 Years Individual ITRs of All Partners with Computation
  • Firm’s All A/C Bank Statements – Last 1 Year Updated
  • All Partner Saving A/C Statements – Last 6 Months
  • If Any Loan Running – Latest Sanction Letter with Repayment Schedule or Track Record
  • Agreement to Sell Copy
  • Property Papers – Complete Chain with Map
  • All Directors’ Photographs
  • Clear PAN Card – Company and All Directors
  • Address Proof – Company and Directors
  • List of Directors & Shareholders – CA Certified as on Date
  • Memorandum of Association (MOA) – Order in Hand and Complete Copy (if applicable)
  • GST, Sales Tax, VAT, and SSI Registration Certificate
  • 1 Year GST Returns
  • All Directors’ Individual ITRs with Computation – Last 3 Years
  • Last 3 Years Complete Financials with Tax Audit Report and Annexures
  • Provisional Financials for Last FY or Month-wise Sales Figures for the Last 1 Year
  • Company’s All Bank Account Statements – Last 1 Year (Updated)
  • All Directors’ Saving Account Statements – Last 6 Months
  • If Any Loan is Running – Latest Sanction Letter and Repayment Schedule
  • Agreement to Sell Copy
  • Property Papers – Complete Chain with Sanctioned Map

FAQs

Got questions? Our FAQs have answers and a sprinkle of humor. Dive in and discover more!

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.

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