Anchor and Spoke
Anchor
An “Anchor” is a manufacturer or supplier and has entered into an agreement with the lenders to leverage the opportunity of finance for itself and its channel partners in place of maintaining regular cash flows.
Spoke
A “Spoke” is a stakeholder of supply chain i.e. buyer, supplier, dealer etc, without whom financial transaction can’t be fulfilled and has been recommended by the Anchor and approved by the lender.
How to Apply for Channel
Finance Facility
01
Process Your Documents
Submit the required documents online i.e. KYC, Business and others to check your eligibility
02
Get It Approved
All the documents are under review of the approval team, post which one can get an approval within 48 hours, if all requirements are met.
03
Fast & Quick Loan Disbursal
Within a span of few hours of approval, the loan is disbursed.
With our eligibility calculator
Check your EligibilityDocuments Required for Channel
Finance
For KYC
- ID Proof
- Aadhar Card
Income Proof
- ITR of minimum 2 years
- Business turnover
Business Documents
- Business Address
- Bank Statement
- GST Certificate
Features
- Need-based instant & hassle-free Credit
- Working Capital Optimization
- Credit is available at the doorstep from anywhere
- Better Optimization of Collateral Securities
- Prompt payment against unpaid invoices
- Reduced early payment requests
- Interest to be paid for usance period only
- Customized tenure/ repayment frequency
- Easy Reconciliation