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Finagg Supply Chain Business Loan
Finagg looks forward to working with respected partners to provide outstanding solutions that are customized to meet your needs. Through strategic partnerships and mutual knowledge, Finagg guarantees creative and dependable services. Thus, it promotes equivalent prosperity."Powered By
Finagg Supply Chain Business Loan
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Here are a few factors
| Location | 50Km from Branch |
| CIBIL Score | 700+ |
| Processing | Online |
| Business Vintage | 2 Year |
| Minimum Turnover | 50 Lac+ |
| Loan Amount & Tenure | 1
Lac-50 Lac (30 Days to 90 Days) |
| Loan Product | (i)
Sales Bill Discounting (ii) Purchase Finance |
| Rate of Interest & Type | 18% to 20% (Reducing) |
| TAT | 3 Days |
| Processing Fees | 2% |
| Foreclosure Charges | Upto 4% |
| Applicant Type | Any Self Employed Person |
| Whether Co-Applicant Mandatory | Yes, when applicant is other than individual or proprietorship firm |
| Proprietor Age/Co-Applicant Age | 23 Year-65 Year |
| Part Payment Allowed | Yes |
| Whether Ownership Proof Required | No |
| Business Registration Proof Mandatory | Yes, Minimum 18 month old GST registration required |
| Program | Funding upto 60% of Invoice Value |
| Product for Professionals | No |
| Negative Profile | (i)
New Buyer & Seller will not be entertained (ii) Any buyer or supplier having rating less than BBB+ |
| USP | (i) Purchase Finance (ii) Sale Bill Discounting |
| Additional | (i)
For Purchase Finance/Sale Bill Discounting, supply should be from Brands
(ii) Buyer should be having minimum Credit rating BBB+ |
Required Documents for Finagg Supply Chain Business Loan
Duly filled application form
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KYC Documents
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Financial statement of last 2 years
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Statement of existing Bank account for last 12 months
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Minimum 18 months old GST registration required
Basic Eligibility for Finagg Supply Chain Business Loan
The age of the applicant must be 21 - 70 years if salaried
The minimum business vintage of the applicant must be 2 years
Only Self-employed individuals can apply for this loan.
Minimum 18 months old GST registration required as business registration proof.
About Finagg Supply Chain Business Loan
Money is one object that your business can't survive without. Let the firm expand and the cash flow flow with Finagg supply chain business loans. To make payments to your suppliers, use Finagg's integrated financial solution infrastructure to swiftly get supply chain finance. Are you an MSME or an enterprise trying to find a single source that can handle all of your supply chain finance needs? Contact Finagg right now to start developing your business.
How to Reach Finagg’s Customer Care?
FREQUENTLY ASKED QUESTIONS
You can get upto 50 lakhs based on your eligibility and credibility.
. Finagg will offer 3 months to repay your loan amount.
Finagg will charge only 2-3% on loan amount as processing cost.
Yes, you will get the option to partly pay your loan amount.
Your CIBIL score should be at least 700+.
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