Supply Chain Finance
Supply Chain Finance
Supply-chain finance (Dealer Finance / Vendor Finance)
- Fully digitised solution for availing PO/invoice financing
- Easy invoice tracking and complete visibility
- Increased efficiency and transparency in the payment process
- Availability of MIS for all parties
- Competitive pricing
- Low Collateral
| Target Group | Dealers / Vendors of the specified Corporates (Anchor) with whom the Bank has signed an MoU for SCF program |
| Purpose | · To meet short term working capital requirements. |
| Nature Of Facility | Invoice discounting |
| Amount Of Loan | · Minimum – Rs 10 Lakhs per Dealer / Vendor
· Maximum – Rs 50 Crore per Dealer/ Vendor · as prescribed in the terms of the SCF program |
| Margin (Promoter’s Contribution) | NIL; 100% of invoice amount will be financed. |
| Tenor of Finance | Up to 90 days |
| Interest Rates | Linked to MCLR/ REPO rate, RBLR |
How to apply
Please contact your home/ nearest Indian Bank Branch and apply for the facility for Supply chain finance.
( Last modified on Nov 08, 2024 at 03:11:23 PM )
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