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Short Term Purchase Finance

Save up to 2% by availing Line of Credit for purchase financing.

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Short Term Purchase Finance

Running business requires buying raw material on credit from traders, dealers & distributors. But distributors tend to charges exorbitant hidden credit charges of 2% to 3% per annum. Rupyz brings you a customized solution in the form of Line of Credit which is suitable to your business needs.

With Rupyz, you have a choice of saving upto 2% on such credit charges by availing our Line of Credit for Purchases. With our Line of Credit, you get the power of negotiating with your supplier on an advance rate basis. The credit line is available for bullet payments from 30 days to 120 days, depending on your business cycle and needs.

This is a revolutionary product which not only empowers you with advance price negotiations, but at the same time offers enough flexibility to suit your business needs and generate great savings. Click here to apply online.

Features
  • Loan amount from INR 10 L to INR 200 L
  • Unsecured, no collateral required.
  • Bullet repayment from 30 days to 120 days.
  • Part-payment & pre-payment facility with any kind of charges.
Eligibility Criteria

No two business are same. While there are no fixed criteria, we have outlined below a few basic qualification criteria:

  • Business has to vintage or operational for at least 3 financial years.
  • Minimum Business Turnover or Revenue receipts of INR 1 Cr.
Documents Required
  • Income Tax return for last 2 assessment years.
  • Set of financials for last 2 years (Balance Sheet, Profit & Loss account, Notes & Schedules and Director’s & Auditor’s Report).
  • GST returns for current financial year.
  • KYC for the Company/Firm & Individual Partner/Promoters.
  • Main bank statements for last 6 months.
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