» Loan Facilitation

Short Term Purchase Finance

Running business requires buying raw material on credit from traders, dealers & distributors. But distributors tend to charges exorbitant hidden credit charges of 2% to 3% per annum. Advice House brings you a customized solution in the form of Line of Credit which is suitable to your business needs.

With Advice House, you have a choice of saving upto 2% on such credit charges by availing our Line of Credit for Purchases. With our Line of Credit, you get the power of negotiating with your supplier on an advance rate basis. The credit line is available for bullet payments from 30 days to 120 days, depending on your business cycle and needs.

This is a revolutionary product which not only empowers you with advance price negotiations, but at the same time offers enough flexibility to suit your business needs and generate great savings.

Features

Loan amount from INR 10 Lakhs to INR 2 Crore
Unsecured, no collateral required.
Bullet repayment from 30 days to 120 days.
Part-payment & pre-payment facility with any kind of charges.

Eligibility Criteria

No two businesses are same. While there are no fixed criteria, we have outlined below a few basic qualification criteria:

Business has to vintage or operational for at least 3 financial years.
Minimum Business Turnover or Revenue receipts of INR 1 Crore.

Documents Required

Income Tax return for last 2 assessment years.
Set of financials for last 2 years (Balance Sheet, Profit & Loss account, Notes & Schedules and Director’s & Auditor’s Report).
GST returns for current financial year.
KYC for the Company/Firm & Individual Partner/Promoters.
Main bank statements for last 6 months.

Business Loan Without Collateral

Whatever your nature of business – manufacturing, trading or services, timely availability of funds is critical for the business. Whether you need funds for temporary working capital need or as capex to grow your business, we at Advice House have a solution for organizing working capital loans for your business.

In today’s world, where time is more valuable than money, most of the traditional banks and NBFCs take their own sweet time for collection of documents, processing and facilitating the case. At Advice House we understand the importance of timely availability of funds and hence we deploy the latest technology to make fund raising fast, easy and hassle free.

Features

Loan amount from INR 10 Lakhs to INR 2 Crore
Unsecured, no collateral required.
Flexible repayment subject to minimum of EMI amount
Part-payment & pre-payment facility with any kind of charges.
Loan tenure of 1 to 4 years, completely flexible as per your business need.

Eligibility Criteria

No two businesses are same. While there are no fixed criteria, we have outlined below a few basic qualification criteria:

Business has to vintage or operational for at least 3 financial years.
Minimum Business Turnover or Revenue receipts of INR 1 Crore.

Documents Required

Income Tax return for last 2 assessment years.
Set of financials for last 2 years (Balance Sheet, Profit & Loss account, Notes & Schedules and Director’s & Auditor’s Report).
GST returns for current financial year.
KYC for the Company/Firm & Individual Partner/Promoters.
Main bank statements for last 6 months.

Bill Discounting

Bill discounting or Invoice discounting is one of most fast and effective way to unlock the tied cash flow in to quick cash, there by easing the liquidity in the business. Today with the changes in business models and high competition, the working capital gets locked in business for a longer time. As per one of the reports, the average bill or invoice receivable cycle has increased from around 30 to 45 days to 60 to 75 days and in some cases as high as 90 days. This disturbs the cash low and liquidity in the business.

But not anymore, with Advice House bill discounting or invoice discounting solutions, you can unlock the tied up Invoices and get the Liquidity within 24 to 72 hours of raising the invoices. Thus reducing your working capital cycle from around 75 days to just 3 days as max

Features

Sanctions limits of Up to Rs.5 crore. Depending on the transaction volume with the Anchor.
Unsecured, no collateral required.
Digital and Hassel free.
Will not affect your existing banking limits.

Eligibility Criteria

No two businesses are same. While there are no fixed criteria, we have outlined below a few basic qualification criteria:

Business has to vintage or operational for at least 3 financial years.
Minimum Business Turnover or Revenue receipts of INR 1 Crore.

Documents Required

Income Tax return for last 2 assessment years.
Set of financials for last 2 years (Balance Sheet, Profit & Loss account, Notes &Schedules and Director’s & Auditor’s Report).
GST returns for current financial year
KYC for the Company/Firm & Individual Partner/Promoters.
Main bank statements for last 6 months.

Export Factoring

Now with Advice House’s Export Factoring solution, you can boost your Exports by getting access to working capital on your Export invoices.

No more long waiting period after you have shipped the goods with our invoice factoring solution.

Our Export factoring empowers you with quick working capital funds on your export invoice and receivables and thus helps you grow your business by up to 30% month on month.

Features

Factoring limit of Up to $ 2.5 million.
Unsecured, no collateral required.
Covers Risk with receivable insurance.
Non-Recourse factoring.
Paperless & Transparent.

Eligibility Criteria

No two businesses are same. While there are no fixed criteria, we have outlined below a few basic qualification criteria:

Export turnover to be greater than $ 3,00,000 (Approx. Rs. 2 crore) in last 36 months
Track of Minimum 15 shipments.
No. Perishable items, Stone / Marbles or other sensitive items.
Buyers Country to be in the approved list of Geography.

Documents Required

Import Export Certificate.
Ledger of the Buyer for last 2 years.
Set of financials for last 2 years (Balance Sheet, Profit & Loss account, Notes & Schedules and Director’s & Auditor’s Report).
KYC for the Company/Firm & Individual Partner/Promoters.

Loan Against Property

Loan against property (LAP) or Mortgage loan is a wonderful way of Leverage your existing property and have access to funds.

What every the type of property – Self owned or rented residential, Commercial office space or shop, residential or commercial vacate plot or land, industrial property.

Features

Loan amount from INR 10 Lakhs to INR 20 Crores.
Loan to value (LTV) of up to 75% depending on the type of property.
Flexible repayment subject to min. of EMI amount.
Part payment & Prepayment facility without any kind of charges.
Loan tenure of 1 to 15 years. Completely flexible as per your business need.

Eligibility Criteria

No two businesses are same. While there are no fixed criteria, we have outlined below a few basic qualification criteria:

Business should have vintage or operations for at least 3 financial years.
Minimum Business Turnover or Revenue receipts of INR 1 Crore.

Documents Required

Income Tax return for last 2 assessment years.
Set of financials for last 2 years (Balance Sheet, Profit & Loss account, Notes & Schedules and Director’s & Auditor’s Report).
Provisional Financials for last financial year if not yet audited.
GST returns for current financial year.
KYC for the Company/Firm & Individual Partner/Promoters.
Main bank statements for last 6 months.

Machinery Equipment Loan

Expansion of Production capacity is inherent to your growing business. With Advice House now you can avail machinery equipment loan with any additional collateral.

As a growing small and medium enterprise or as a mid corporate, your business could have various expansion needs. Whether it is for increasing the production capacity, or technology upgradation or replacement of the existing & obsolete machinery and equipment. Whatever you need, Advice House has a solution.

Features

Loan amount up to INR 20 Crores.
Loan to value (LTV) of up to 75% depending on the type of machinery.
Flexible repayment subject to min. of EMI amount.
Part payment & Prepayment facility without any kind of charges.
Loan tenure of 1 to 5 years. Completely flexible as per your business need.

Eligibility Criteria

No two businesses are same. While there are no fixed criteria, we have outlined below a few basic qualification criteria:

Business should have vintage or operations for at least 3 financial years.
Minimum Business Turnover or Revenue receipts of INR 1 Crore.

Documents Required

Income Tax return for last 2 assessment years.
Set of financials for last 2 years (Balance Sheet, Profit & Loss account, Notes & Schedules and Director’s & Auditor’s Report).
Provisional Financials for last financial year if not yet audited.
GST returns for current financial year.
KYC for the Company/Firm & Individual Partner/Promoters.
Main bank statements for last 6 months.

Supply Chain Finance

Advice House supply chain finance (SCF) program is a very effective way of infusing debt capital for a mid size / large anchor & their supply chain Eco system. Not only is it cost efficient, but faster & completely digital.

The Supply chain Finance program works like Working capital on demand when your business needs the same. A cost effective way of having working capital as Interest is charged only on actual usage only. No other hidden charges

Advantage of Advice House SCF Program

Easing of Liquidity and cash flow in the Anchor – supplier eco system.
Collateral free, Transparent & Fast.
Digital process.
ROI of not more than 1.2% per month for a collateral free credit.

Key Anchor Parameters

Min. business vintage of 5 years.
Min. turnover of Rs. 100 crores.
Rating of BBB- (stable) or higher.
Program Size of Rs. 5 crores to Rs.25 crores.

Key Supplier Parameters

Business relationship of Min. 1 year with the anchor.
Funding of Rs.10 Lakhs to Rs.2 crores based on the transaction history and analysis.
No collateral required.
Credit tenure of unto 90 days.