What is Channel Financing?

Channel Financing

Know more about Channel Finance

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✓Minimal Documentation ✓Flexible Repayment ✓Collateral Free Loan | Apply for Business Loan Now!

What is Channel Financing 

A credit facility, channel financing is offered to serve as working capital funding. Financial institutions and supply chain stakeholders, including dealers and distributors, can apply for channel financing. Lenders typically offer this type of financing in the form of bill discounting and cash credit.

Features and Benefits of Channel Finance 

Channel financing carries several notable benefits that include:

  • Quick Loan Approval: Channel financing involves an easy loan application process. If the documents are clear, the funding gets cleared in just as few as 3 days.

  • High-Value Unsecured Working Capital: Eligible profiles can avail a loan of up to ₹7.5 lakh through channel financing without offering any collateral.

  • Convenient Loan Account Management: The loan account can be operated and managed conveniently through any device from anywhere.

  • Flexible Repayment: Flexible repayment throughout the tenure ensures a smooth payment process. The loan can be repaid within a short-term or long-term depending upon the business revenue. One can choose between 12 months, 18 months, 24 months, or 36 months.

Eligibility Criteria for Channel Financing 

Channel financing is offered to eligible micro, small, and medium enterprises (MSMEs). The business owner should:

  • Have a turnover of more than ₹7.5 lakh

  • Own either a business property or a residential property

  • Have a vintage of at least 2 years

  • Possess ITR of a minimum of ₹1.5 Lakhs

How to Apply for Channel Finance

Follow these simple steps to apply for Channel Financing:

  1. Visit the official Finserv MARKETS website.

  2. Select the 'Apply for Business Loan' option.

  3. Check your eligibility and calculate the EMI by using the Business Loan EMI Calculator on the portal.

  4. Pick the best choice from the host of offerings.

  5. Click on 'Apply Now' and fill in all the relevant details.

The lender will contact you and help you with getting your Channel Finance.

Documents Required for Channel Financing

The business owner should offer the following documents when applying for Channel Financing:

  • ITR for the last year

  • House and business address proof

  • PAN card

  • Bank statement (for 9 months)

  • Aadhaar card

FAQs on Channel Finance

  • ✔️What is Channel Financing?

    Channel financing is a credit facility that is meant for corporates and stakeholders. It is a working capital loan that is available in the form of bill discounting or cash credit.

  • ✔️What is the interest rate on Channel Financing?

    The interest rate levied on channel financing is competitive and starts at as low as 15% depending on the loan tenure. 

  • ✔️How does Channel Financing work?

    Channel Financing is an innovative form of funding that enables businesses to avail working capital. A supplier must raise an invoice as part of this process, and the dealer should approve it. Once the same is verified and approved, the lender disburses the funds into the supplier’s account. 

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