Our Products
Cheque Based Finance is a convenient funding solution designed for businesses and individuals who prefer or require financing against post-dated cheques. This type of finance allows borrowers to access funds quickly by issuing a series of cheques as repayment assurance, making the approval process simple and efficient.
With minimal documentation and flexible repayment options, cheque based finance is ideal for meeting working capital needs, business expansion, inventory purchase, or short-term cash flow requirements. The loan amount and tenure are determined based on the applicant’s financial profile and cheque credibility.This financing option is widely chosen for its fast processing, transparent terms, and easy repayment structure, helping businesses maintain uninterrupted operations without lengthy approval procedures.
Cheque Based Finance
Cheque Based Finance is a convenient funding solution designed for businesses and individuals who prefer or require financing against post-dated cheques. This type of finance allows borrowers to access funds quickly by issuing a series of cheques as repayment assurance, making the approval process simple and efficient. With minimal documentation and flexible repayment options, cheque based finance is ideal for meeting working capital needs, business expansion, inventory purchase, or short-term cash flow requirements.
Features
- Fast Access to Funds
- Minimal Documentation
- No Heavy Collateral
- Suitable for SMEs & Traders
- Short-Term Finance Solution
- Quick Disbursement
Documents Required for Cheque Based Finance
Identity Proof
Identity proof is required to verify the applicant’s personal details and establish authenticity during the loan application process.
Address Proof
Address proof is required to confirm the applicant’s current residential or businessaddress.Submitted documents should clearly readable
Business Proof
Business proof documents establish the legal existence and nature of the business. These documents help lenders understand.
Financial Documents
Financial documents are required to assess the business’s financial health, cash flow, and repayment capacity.
KYC Documents of Proprietor
KYC documents are mandatory for verifying the identity and credentials of the business owners.
Additional Documents
Additional documents may be requested based on the loan type, amount, or lender’s policy. These documents
FAQ section for Cheque Based Finance
- 1 What is Cheque Based Finance?
- Cheque Based Finance is a funding solution where borrowers receive finance by providing post-dated cheques as repayment assurance. It is commonly used for short-term and working capital needs.
- 2 Who can apply for Cheque Based Finance?
- Self-employed individuals, proprietors, partnerships, and registered businesses with a regular income flow and valid bank account can apply, subject to lender eligibility.
- 3 What documents are required?
- Applicants must submit identity proof, address proof, business registration documents, bank statements, KYC documents, and post-dated cheques.
- 4 Is collateral required for Cheque Based Finance?
- Generally, cheque based finance is unsecured and does not require collateral. However, requirements may vary depending on the loan amount and applicant profile.
- 5 What is the repayment tenure?
- Tenure typically ranges from a few months up to 24 or 36 months, depending on the loan amount and agreement terms.
- 6 Can I prepay or close the finance early?
- Yes, early repayment or foreclosure may be allowed. Any applicable charges will be mentioned in the agreement.
