- Quick loan approval
- Minimal paperwork
- Low processing fee of 0.25%
- Overdraft or Demand Loan
Up to 300% of average daily advance paid to telecom company/DTH service provider/wholesaler during the previous one quarter.
- OD/Demand Loan : 24 months
Who can apply
- Any other legal entity engaged in wholesale/retail distributorship of telecom companies//DTH service providers or any other electronic recharging products or engaged in other businesses but they operate as wholesale/retail distributorship of telecom companies/DTH service providers or any other electronic recharging products as ancillary or sub business.
To avail the loan, you can choose any of these:
- Proof of Identity (Passport / Voters ID card/ Driving License/PAN Card)
- Address Proof (Ration card Tel/ Electricity Bill/ Lease agreement/ Passport/Trade license /Sales Tax certificate)
- Bank Statement (latest 6 months bank)
- Last 2 Years ITRs (computation of income), audited Balance Sheet and Profit & Loss a/c, if applicable
- Proof of continuation (ITR/ Trade license /Establishment /Sales Tax certificate)
- Other documents may be requested as per individual requirements.