
Loan Against Card Receivables
Each day, you have multiple transactions that are processed via your credit card POS terminal. And now, you can leverage these transactions to avail of a business loan to meet your liquidity requirements, effortlessly. With Facility Against Credit Card Receivables, you can avail of a Business Loan or an Overdraft Facility of up to Rs. 3 Crores on the basis of the yearly sales that take place on the credit card POS facility.
This means you can get funds when you need them, without putting up any assets as collateral.

Eligibility
- The establishment is a Sole Proprietorship, Partnership, Private Limited Company or Public Limited Company
- Sales through credit cards are over Rs. 60 Lakhs
- The establishment has had positive profit before tax for the last two (2) years
- The business has been in existence for three (3) years or more
- The customer owns the premises from which the business is being conducted
Required Documents
- Twelve months' Audited Credit Card Sales Statement
- Basic Financial Documentation
- Application form and request for loan letter on the Merchant's letterhead, duly stamped and signed
- Partnership Deed in case of a partnership firm, Memorandum and Articles of Association with Certificate of Incorporation in case of a Company
- Latest Annual Returns which confirms the list of Directors in the case of Private and Public Limited Companies. Audited credit card sales statement giving monthly break-up for a 12-month period on the Chartered Accountant's(CA's) letterhead. The CA auditing this statement should be the statutory auditor of the firm and needs to be the same as that on the latest financials as performed enclosed.
- Audited financials of the business for the last two financial years. For small merchant establishments that are not required to prepare audited financial statements, Income Tax Returns will be accepted instead.
- Net Worth Statement and 6 months' Business Statement
- Individual Income Tax Returns of proprietor/partners/directors (promoters) for the last year9Copy of proof of identification and proof of address details