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Vendor Finance

Vendor financing is a credit facility wherein a vendor lends money to a customer to buy the services or inventory provided by the vendor. It is a lending arrangement by the vendor and may also involve the transfer of shares from the customer to the vendor.

Your business can need to pay various vendors at different phases, be it during manufacturing or post-manufacturing. A shortage of funds can delay the process of paying your vendors and ultimately hinder the goods or services being delivered within your production deadline.

Avail Vendor Financing from Bajaj Finserv to pay vendors on time and ensure a smooth flow of business operations.
 

Vendor Financing: Features and Benefits

  • High-value loan

    High loan amount

    Bajaj Finserv provides up to Rs. 45 lakh as vendor financing on an unsecured basis.

  • Flexi Loan facility

    Flexi Loan facility

    With the Flexi Loan facility from Bajaj Finserv, you can withdraw cash as and when needed and repay when your business has surplus cash.

  • Fast processing and quick disbursal

    The vendor financing scheme from Bajaj Finserv comes with fast processing and quick disbursal facilities to make it hassle-free and quick.

  • Convenient repayment tenors

    You can choose a tenor from 12 to 84 months, to repay your loan as per your convenience.

  • Competitive interest rates

    Bajaj Finserv offers competitive vendor finance interest rates that make repaying easier.

  • Pre-approved offers

    With pre-approved offers on vendor finance from Bajaj Finserv, the process of availing financing is further simplified.

Vendor Financing: Eligibility Criteria and Documents Required

You can easily qualify for vendor finance by meeting the simple eligibility criteria listed below.

  • You must be a residing Indian citizen aged between 24 to 70 years* of age (*Age should be 70 years at loan maturity).
  • You must own a business operational for at least 3 years
  • You must have a CIBIL score of 685 or higher

If you fulfil these eligibility parameters, submit basic documents to avail of vendor finance. The list of required documents is given below.

  • ID proof: KYC documents, such as Aadhar card, PAN card, passport, and driving license
  • Address proof: Electricity bill, telephone bill, lease agreement, etc.
  • Business ownership proof: Business registration document, partnership agreement, certificate of commencement/Article, Memorandum of Association, etc.
  • Financial documents: ITR copy for the previous year, bank account statement for the last 6 months, audited balance sheet, and profit and loss statement for the last 2 years

Vendor Finance Rates and Charges

Bajaj Finserv offers vendor finance at affordable rates of interest and nominal processing charges with 100% transparency. The list of fees and charges is given below.

 
Types of Fees Applicable Charges
Rate of interest 17% p.a. onwards
Processing fees Up to 2% of the loan amount (plus applicable taxes)
Document/statement charges

Statement of account/repayment schedule/foreclosure letter/No Dues Certificate/interest certificate/list of documents
Download your e-statements/letters/certificates for free by logging into our customer portal, Experia. You can also get a physical copy of your statements/letters/certificates/list of documents from any of our branches at a charge of Rs.50 (inclusive of taxes) per statement/letter/certificate.
Bounce charges Up to Rs.3,000 (Inclusive of applicable taxes)
Penal interest (Applicable in case of non-payment of monthly instalment on/before the due date) 2% per month
Document processing charges Rs.2,000 plus taxes

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