Merchant Loans, Loans for Merchants in India

Merchant Loan India

Merchant loan can be arranged for anything as per your needs, call us for more details with your merchant loan requirement.

Step1: Merchant Interested in Neocash

Step2: Document Collection

Step3: Sanction Letter

Step4: Choice of Partner Bank/EDC Replacement

Step5: Disbursal

Step6: Daily Automatic Repayment

Example:

If Merchant Card sales – 5,00,000/Per Month

Loan amount based on card sales should be multiplier of 1 to 1.3 times (i.e., loan amount is 5,00,000 to 6,50,000)

If loan amount is 6,00,000/-

Finance charges is 14,000 - 16,000 / per lakh

If 14,000/lakh(Appox), then Total repayment amount is 6,84,000/-

Repayment schedule is 15%-17% of your daily card settlement, till recovery.

Daily Automatic Repayment (Example):

EDC/Swiping Transaction Settlement Amount of Rs.10,000 & withholding will be at 15%(Appox)

Then Merchant Receives Rs. 8,500/- in his/her account and

Loan Provider Receives Rs.1,500/- as a loan repayment

(repayment amt Rs.684000 - 1500 , then loan outstanding is 682500/-)

EDC/Swiping Transaction Settlement Amount of Rs.5,000 & withholding will be at 15%(Appox)

Then Merchant Receives Rs. 4,250/- in his/her account and

Loan Provider Receives Rs.750/- as a loan repayment

(repayment amt Rs.682500 - 750 , then loan outstanding is 681750/-)