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Vendor Bill Discounting Product for Vendors/Suppliers of Large Real Estate Developers
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Terms and Conditions
Eligible Borrowers
All vendors/suppliers (falling within SME regulatory/non-regulatory classification only) of large real estate developers
Eligibility
Eligibility criteria of real estate developer:
- Registered under RERA
- External credit rating - ‘A’ rated or above
- Minimum existence in real estate sector – 3 years
- Tangible net worth as per last ABS – minimum Rs. 50 crores
Eligibility criteria of vendors/suppliers
- Total number of years of association with real estate developer- Minimum 2 years
- Minimum annual sales/services(previous year) to real estate developer – Rs. 50 crores
- Profit after tax for the last 2 years - Positive
- Tangible net worth as per last ABS - Positive
Margin
Minimum 10% of the bill amount
Tenor of Finance
Maximum 90 days
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