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Short Term Trade Finance

Another powerful solution within our basket of products is a unique and powerful business tool, which will empower our customers to bridge their short term financial gaps like never before. Our short term trade finance gives freedom to SMEs to avail financing against purchase payables.

FEATURES
  • Both secured and unsecured facility available
  • Loans up to ₹ 25 crores  in secured and ₹ 75 lakhs in unsecured (Please note - this is for existing customers only. For customers new to RFL, the limit is ₹ 3 crores and ₹ 40 lakhs respectively)
  • Facility draw at need
  • Facility available up to 90 days
  • Interest chargeable only on availed amount
  • Hassle free digital loan processing
  • Competitive rate of interest
BENEFITS
  • Meets untimely / seasonal business cash flow requirements
  • Improves working capital cash flow
  • Helps bring efficiency in supply chain
  • Better inventory and creditor management
SUITABLE FOR
  • Manufacturers, distributors, SMEs with minimum turnover of ₹ 5 crores only
DOCUMENTATION
  • Application form with colored photograph
  •  KYC (for company & promoters)
        > Proof of age, signature, identity and address
  •  Income documentation
        > Audited financials
        > ITR, balance sheet, trading and P&L account
  •  Bank statements as applicable
  •  Details of other running loans
  •  VAT/Service tax/GST returns as applicable
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Ombudsman Scheme,2021