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
Minimum 10% of the Bill amount
Tenor of Finance:
Maximum 90 days
Kindly visit to the nearest branch for further details