Standard Charted Research and Technology Pvt Ltd-(SOLV)
Features & Benefits
Convenient repayment options
Floating Rate of Interest
Quick Financial Support
Frequently Asked Questions
What is Supply chain finance ?
Supply Chain Finance (SCF) is a Short Term Working Capital finance to DEALERS/SUPPLIERS having business relationships with Medium and Large Anchor
Who is eligible for an SCF loan?
Chola gives SCF loans to dealers or distributors (buyers) and vendors (suppliers) to mid-large Corporates. The borrowing entity must have adequate vintage in business and with Anchor .
What are SCF loans used for?
SCF Loans are used for working capital needs, business expansion and management of receivables in timely manner
What is the loan amount Chola offers?
Loan amount is decided basis the purchases and sales of the borrower entity and credit period of loan sought
What is the loan tenure for SCF loans?
The loan tenure is 1 year
What is the credit period offered ?
30/45/60/90 days is the usual credit period offered. However ,depending on the business credit cycle of the borrowing entity the final credit period may be fixed which may vary from the above.
What is the security or collateral that I have to provide to get a loan?
PO/Invoices raised to/by Mid/Large corporate and submitted for transactional processing
In case credit sanction requires Mutual fund lien, FD lien, Commercial Property, Residential Property, Industrial / Factory Land and Building maybe explored as additional collateral.
Is the interest rate fixed or floating?
What are the modes of repayment?
You can pay through NACH/RTGS /NEFT, Electronic Clearance Service (ECS) or Direct Debit.
What are the ways to apply for a SCF loan?
1. Our Chola staff will come to your doorstep to service you. Just give a call to customer care number 1800 102 4565 (9am to 7pm)
2. You can walk-in to our nearest branch and avail our services.