| Purpose of Facility |
A financing facility for vendors of large corporate / commercial entities to streamline their working capital requirements and provide them with transaction based credit facility to ensure smooth flow of goods throughout the supply chain.
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| Product Attributes |
• Specially designed product for vendors of corporate/ commercial entities
• Financing against submitted/ accepted bills and invoices
• Limit based on average daily turnover (of 365 days) * billing collection period (maximum 120 days)
• No formal clean-up required
• No property mortgage required
• Repayment at the time of bill adjustment
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| Target Market |
Business enterprises which are direct vendors of selected corporate / commercial entities
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| Target Market |
1. Individuals
2. Small & Medium Enterprises
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| Eligibility Criteria |
Customer should fulfill the following requirements in order to be eligible for BOP Supply Chain Finance:
• Client has been in same business for at least 3 years
• Customer has been working with its partner corporate/commercial entity for more than 2 years
• Clean e-CIB of customer
• Recommendation letter from Corporate/commercial
• Age of the customer should be minimum 21 year and maximum 60 years
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| Minimum Loan Limit |
Rs. 0.05 million
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| Maximum Loan Limit |
Rs. 25 million
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| Frequency of Repaymentv |
At the time of bill adjustment
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| Security |
• Personal Guarantee
• Accepted bills / drafts
• Postdated cheque(s) covering full limit amount plus markup as per financing agreement
• Charge over receivables
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| Pricing / Mark-up |
As per prevailing market rates
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| Processing Fee |
As per SOC
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