Rupyaa Paisa Financial Services

Overview :

• Cash Credit
• Term loans
• Letter of Credit/ Buyer's credit
• Export Finance
• Vendor/ Supplier/ Dealer finance
• Bank Guarantee

Eligibility :

• Entities which are 3 years in existence, and 2 years into same line of business is eligible for this facility.
• This facility is available to all segments of business - manufacturers, traders, services, educational trusts etc.
• The financials should be audited, and the entity should be in profits.
• Collateral is required for this facility. The amount of collateral required depends on the policies of the bank. Some accept at 50%, and vary upto 150% of the collateral requirement.
• The company should not be under default category, as listed by the RBI
• Cheque bounces/suit filed/write off are considered adversely by the banks, unless backed by sufficient reasoning/documents for justifying the same.

More About Information for Working Capital Finance Services : Working Capital finance is granted to meet the financial gap or the time lag between purchases and the resultant cash derived from sales. It is used to meet the regular day to day expenses. This finance is provided in form of cash credit, overdraft, term loan, letter of credit, bank guarantee, working capital demand loan/term loan, post shipment and pre shipment finance, as the need may be to the manufacturer/trader.