Enjoy Banking on the Go.
Download Mobile Banking App

Download
Banner

Vendor Bill Discounting Product For Vendors/Suppliers Of Large Real Estate Developers

Eligible Borrowers:

All vendors / suppliers (falling within SME Regulatory / Non Regulatory classification only) of Large Real Estate Developers

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. 50.00 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. 0.50 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

Kindly visit to the nearest branch for further details

Last Visited Page

X
Back to Top