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Vendor Bill Discounting Product for Vendors/Suppliers of Large Real Estate Developers

  • 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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