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STAR CHANNEL CREDIT

STAR CHANNEL CREDIT

 

Finance to vendors / suppliers and dealers / distributors to/of Corporate through invoice bill discounting scheme.

Facility extended with Nil Margin at very competitive interest.

Suppliers have choice to avail channel finance over and above their existing working capital facility.

Target

 

Select supplier/vendor identified by Corporate.

Eligibility

 
  • Sponsor Corporate our existing customer or Corporates with External rating A

Purpose

 

Meet funding requirement of Supplier/ vendor.

Facility

 

Drawee bill\ Invoice financing.

Quantum

 

Maximum 20% of estimated annual supplies .

Margin

 

NIL

Security

 

Extended as clean facility.