An unsecured term loan is a short-term or long-term loan given for a stipulated period. Financial institutions provide these loans on a condition of repayment in fixed installments (EMI) along with interest. They are offered at both floating and fixed rates of interest. The repayment tenure of term loans ranges between 12 months to 36 months.
| ROI | Upto 35% p.a. |
| Loan Amount | Upto INR 3 crore |
| Loan Tenure | Upto 36 months |
| Fee and charges | Amount (in ₹) (exclusive of GST) |
|---|---|
| Processing Fee | Up to 4% of loan amount |
| Documentation Charges | Up to 0.5% of loan amount |
| Foreclosure Charges | Up to 4% on Principal Outstanding |
| Other Charges | |
| Stamping Charges | At Actuals |
| Cheque/ ECS/ NACH Bounce Charges | ₹ 500 per presentation |
| Cheque Swap Charges | ₹ 500 per instance |
| Part Prepayment Charge | 4% of the amount being pre-paid |
| Statement of Account | NIL |
| Penal Charges | 2% per month on overdue amount |
A secured term loan allows businesses to borrow money using their commercial or residential property as collateral. This type of loan can be used for a variety of purposes, such as expanding your business, investing in new equipment, or covering unexpected expenses. The amount you can borrow will depend on the value of your property and your creditworthiness. Loan Against Property can be a good option for businesses that need a large loan amount or have difficulty qualifying for unsecured financing.
| ROI | Upto 25% p.a. |
| Loan Amount | Upto INR 1 crore |
| Loan Tenure | Upto 10 years |
| Fee and charges | Amount (in ₹) (exclusive of GST) |
|---|---|
| Processing Fee | Up to 4% of loan amount |
| Documentation Charges | Up to 0.5% of loan amount |
| CERSAI Charges | INR 100 |
| Foreclosure Charges | Up to 4% on Principal Outstanding |
| Other Charges | |
| Stamping Charges | At Actuals |
| Cheque/ ECS/ NACH Bounce Charges | ₹ 500 per presentation |
| Cheque Swap Charges | ₹ 500 per instance |
| Part Prepayment Charge | 4% of the amount being pre-paid |
| Statement of Account | NIL |
| Penal Charges | 2% per month on overdue amount |
Supply Chain Financing is a financial solution that helps businesses improve cash flow by providing early access to funds tied up in receivables & payables. This type of financing is based on the value of approved invoices from your customers, allowing you to receive payment sooner than the traditional payment terms. This can be a valuable tool for businesses of all sizes, especially those with long payment cycles or that are experiencing cash flow challenges.
Types of SCF:
Upstream/Payable financing
- Focuses on optimizing cash flow between buyers, suppliers, and financial institutions.
- Aims to shorten payment cycles and improve working capital for all parties involved.
- Involves invoice discounting and payment extensions.
Downstream/ Receivable financing
- Specifically designed to support distributors, dealers, or retailers in a supply chain.
- Provides short-term financing for inventory purchases or sales to end consumers.
- Strengthens relationships between manufacturers and their distribution channels.
| ROI | Upto 28% p.a. |
| Loan Amount | Upto INR 3 crore |
| Loan Tenure | Upto 3 years |
| Fee and charges | Amount (in ₹) (exclusive of GST) |
|---|---|
| Processing Fee | Up to 4% of loan amount |
| Foreclosure Charges | NA |
| Other Charges | |
| Stamping Charges | At Actuals |
| Cheque/ ECS/ NACH Bounce Charges | ₹ 500 per presentation |
| Cheque Swap Charges | ₹ 500 per instance |
| Statement of Account | NIL |
| Penal Charges | 2% per month on overdue amount |
Indifi has recently introduced a new product for payable financing, IndifiPay, to simplify payments to vendors & suppliers. With a credit line dedicated solely for paying suppliers & vendors, it helps businesses manage their payment cycles.
| ROI | Upto 28% p.a. |
| Loan Amount | Upto INR 3 crore |
| Loan Tenure | Upto 3 years |
| Fee and charges | Amount (in ₹) (exclusive of GST) |
|---|---|
| Processing Fee | Up to 4% of loan amount |
| Documentation Charges | Up to 0.5% of loan amount |
| Foreclosure Charges | Up to 4% on Principal Outstanding |
| Other Charges | |
| Stamping Charges | At Actuals |
| Cheque/ ECS/ NACH Bounce Charges | ₹ 500 per presentation |
| Cheque Swap Charges | ₹ 500 per instance |
| Statement of Account | NIL |
| Penal Charges | 2% per month on overdue amount |