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OD/DOD against Cards Receivable
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OD/DOD against Cards Receivable
Features of OD/DOD against Cards Receivable
Only for retailer having card swipe machine (POS Terminal) on its sale point with minimum 4 lakh monthly average swipe.
No collateral is required
Loan Amount - min 8 lakhs to 1 Cr.
Tenure - 12 to 36 months.
Purpose - Working capital only.
OD /DOD/TL - (Overdraft / Drop-line Overdraft/Term Loan).
Pre closer charges will be according to sanction letter.
Bank will install own terminal on customer’s sale point with a min swipe commitment of 20-25% of loan amount.
Hassle-free
process
Easy loan
Repayment
100%
Transparency
Eligibility Criteria
1. Business Vintage - Min 3 years as per registration certificate.
2. Turnover - Min 1 Cr +
3. Ownership - Residence/Office/shop - One should be owned (in Delhi NCR).
4. GST Return - Duly Filled (GSTR 3B).
5. Very Important - CIBIL / Loan History - No delay payments in last 12 months. Score >700.
6. Min Average monthly swipes should be approx.4 lakh for last 12 months.
7. Growing turnover and profits.
8. Borrower age should be between 25 to 65 years.
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