Supply Chain Finance

Supply Chain Finance / Channel Finance: -

Channel financing is an innovative finance mechanism through which the Bank extend short-term working capital finance to the Vendors/Suppliers and Dealers having business relationship with large Corporate. Channel financing is a structured program that helps Dealers and Suppliers to boost their efficiency through Bank’s robust Supply Chain Platform.

Products under Channel Finance: -

  1. Vendor Finance
  2. Dealer Finance

Dealer and Vendor Finance under SCF Platform

Key features of Dealer and Vendor Finance: -

  1. Working Capital Facility for authorized Dealers and Vendors of Anchor onboarded by the Bank.
  2. Limit: - Min. Rs. 10.00 Lakh

             Max. Rs. 100.00 Crore

  1. Rate of Interest: - Competitive ROI ranges from 8.75 % to 9.35 %
  2. Tenure: - Max. 180 days
  3. Margin: - Nil
  4. Processing Fees – 0.10 %+GST (Max.)
  5. Collateral Security – Nil up to Rs. 10.00 Cr.