Loan to Mobile/ DTH/ Other Electronic Recharge Vendors
Hassle-free working capital finance to recharge vendors. Boost your business with Loan to mobile/DTH/other electronic recharge vendors.
- Features & Benefits
- How to apply ?
- Documents Required
- Repayment options
- Rates and Fees
- Quick loan approval
- Minimal paperwork
- Low processing fee of 0.25%
- Can be availed as Overdraft or Demand Loan
- Loan amount upto 300% of average daily advance paid to telecom company/DTH service provider/wholesaler during the previous one quarter.
- Period of the loan up to 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.
Repayment of the loan is made as Equated Monthly/Weekly Instalments
You can use any one of the ways to repay the loan:
- Please visit the Interest Rates page for details