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Apply For Credit

Make procurement seamless with Zarea’s working capital finance solution

Status: Not Applied

Kindly attach all 5 required documents:

  1. Company Incorporation Certificate
  2. Select a file or drag and drop here
    JPG, PNG or PDF, file size no more than 10MB
  3. Tax Registration Certificate
  4. Select a file or drag and drop here
    JPG, PNG or PDF, file size no more than 10MB
  5. 1 Year Bank Statement
  6. Select a file or drag and drop here
    JPG, PNG or PDF, file size no more than 10MB
  7. Copy of Post Dated Cheque
  8. Select a file or drag and drop here
    JPG, PNG or PDF, file size no more than 10MB
  9. Credit Request on Letterhead
  10. Select a file or drag and drop here
    JPG, PNG or PDF, file size no more than 10MB

Apply for Credit Benefits

Affordable Procurement

Getting raw materials at affordable rates made easy

Optimize Cash Flow

Improve the cash flow issues promptly

Seamless Digital Method

Apply for credit anywhere anytime

A Secure and Reliable Solution

Collateral-free finance purchasing solution

Fixed Interest Rates

Fixed interest rates to be charged

Enhance Profitability

More profit margin and reduced initial cost

Instant Payment

Receive funds promptly upon submission of supplier invoices

Flexible Rotation Cycle

Revolving credit to meet your working capital needs seamlessly

Interest as per usage

The interest rate would be charged only for the exact amount and duration of use

Grow revenue and profitability

Reduce your input cost and book more profits

Instant disbursement

Receive funds against submission of supplier invoices instantly

Revolving credit

60-120 days rotation cycle to meet working capital needs

Eligibility & Required Documents

Eligibility Criteria
  1. Minimum turnover 3 crores
  2. Business vintage 3+ years
Required Documents
  1. Company Incorporation Certificate
  2. Tax Registration Certificate
  3. 1 Year Bank Statement
  4. Copy of Post Dated Cheque
  5. Credit Request on Letterhead.

How to Apply for Credit

Follow the steps of the online application

Check Eligibility

Ensure you are eligible to apply for credit

Submit Application

Complete and submit the online form

Get Authorized

Our team will evaluate your request for authorization

Get Disbursement

Receive funds instantly after the authorization of your request

Know about Apply for Credit

To make procurement easy and seamless is Zarea’s vision. For that purpose, Zarea Limited offers Purchase Finance solutions to Small and Medium-sized Enterprises (SMEs) so they can manage their working capital needs without any hassle. Our financing options allow businesses to flourish and enable them to secure the raw materials they need without having to pay the full payment. Purchasing finance option allows businesses to have a smoother cash flow and enhance business growth significantly in these uncertain times.

FAQs

What is the "Apply for credit" feature?

The "Apply for credit" feature allows buyers on Zarea to apply for a line of credit to facilitate their purchases. This helps buyers manage their cash flow and make larger purchases without immediate full payment.

Who is eligible to apply for credit?

Eligibility for credit is determined based on various factors, including credit history, business performance, and other financial criteria which includes, Minimum turnover 3 crores and Business vintage 3+ years.

How do I apply for credit?

To apply for credit, log into your Zarea account, navigate to the "Apply for credit" page, and complete the application form. You will need to provide financial details and supporting documents as requested.

What documents are required for the credit application?

Typically, you will need to submit a Company Incorporation Certificate, Tax Registration Certificate, 1 Year Bank Statement, Copy of Post Dated Cheque and Credit Request on Letterhead.

How long does the credit approval process take?

The approval process usually takes 72 hours.

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