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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 22, 2023 at 03:11:49 PM )

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