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Vendor Financing Programme

 Realization of funds tied at various points of the value chain is one of the primary concerns of those involved in the business of manufacturing & supplying of various kinds of goods. Funds are required by the manufacturers/suppliers at two stages of the production viz., the manufacturing stage (Accounts Payable Cycle) and the post-manufacturing stage (Accounts Receivable Cycle), while in the former, funds are required to acquire the raw-materials, in the latter it's required for smooth functioning till the produces are sold and realized into cash. IDBI Bank's "Vendor Finance" product is so designed such that all the links in the value chain always remain adequately funded, thereby leading to a smooth functioning for the vendor.

 
Sr. No  Field  Content 
1 Eligible Segments  All Vendors of large Corporates /Original Equipment Manufacturers (OEMs).
2 Nature of Loan Facility
  • Overdraft / Cash Credit
  • Letter of Credit, Bill Discounting /Financing against Invoices
3 Purpose To fund the manufacturing and receivable cycle
4 Pricing Interest Rate linked to Bank Base Rate.
5 Security Pre sale funding:
  • First Charge on current assets.
  • Second charge on the fixed assets of the vendor on reciprocal basis with the term lenders. (if any)
 Post sale funding:
  • Accepted Bill / invoice by the authorised officials of OEM
Personal Guarantee of directors/ partners / sole proprietor.
6 Processing Fee 0.50 to 1% of loan amount
 
     
     
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