It is a highly delighting feature to know that now merchants or retailers do not need to worry for liquidity if they have credit card machine (POS machine) along. There are several banks in the industry which offer quick loan against credit card machines. All it takes to arrange the quick money is one visit to the authorized window. However, every retailer and merchant essentially has to be at least 6 months old to the reap the benefits of this financial convenience.

Features and facilities:

  •  You get more than 36 months for repayment
  •  Up to Rs. 2 crores could be availed to overcome the financial issues.
  •  Rs.50 lacs is the limit for new entity
  •  Higher eligibility for self employed
  •  Flexible enough to combine loan and overdraft
  •  Lower processing fee
  •  No collateral
  •  Competitive interest rates
  •  Quick disbursement

 Terms and conditions apply *

The indicative rate of interest charged by various banks are given in table as below, however final rate may differ depending on the profile of individual and parameters of bank